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Survey shows reasons for trading endowments

Changing financial circumstances and switching from an endowment mortgage are the two main reasons for selling endowment policies, a survey shows.

The survey, of 594 consumers, conducted for Surrenda-link by Earsandeyes Global Online Research, showed that 41 per cent of people cited changes in financial circumstances as the most likely reason for selling an endowment.

Surrenda-link marketing manager Matthew Roche says: “We have seen in recent months that interest in Tep investment funds is on the increase as they are seen as providing better than average returns in an economic climate of lower investment returns.”


Ainsworth Says Sandler review is biased

Threadneedle deputy chairman Alan Ainsworth has launched a scathing attack on the Sandler consultation, saying it is misfocused and biased.Speaking at Cadogan International&#39s annual unit trust and investment fund conference on Tuesday, Ainsworth said the Sandler consultation had focused on three examples of market inefficiency – lack of consumer experience, IFA domination and obscure products.But […]

Rathbones – EIS Portfolio Service

Tuesday, November 6, 2001.Aim: Growth by investing in unquoted companies and companies quoted on Aim.Minimum investment: £50,000.Investment split: 100 per cent in unquoted companies and companies quoted on Aim.Income facility: Not available.Charges: Initial 5 per cent, annual 2.25 per cent.Commission: Initial 2 per cent, renewal 0.5 per cent.Tel: 020 7411 4700.

Fidelity in call to zap the cap

Fidelity is voicing is disapproval of price or commission capping by enc-ouraging IFAs to speak out against any efforts to introduce anti-competitive controls by the Government or regulator.The fund manager is encouraging IFAs to sport its “Zap the Cap” baseball hat which it distributed to advisers who attended its recent annual roadshows.It says it wants […]

IF to pass on full mortgage rate cut on December 5

Intelligent Finance is passing on the full 0.5 per cent Bank of England base rate cut to its mortgage customers.IF&#39s initial discounted mortgage rate will be reduced to 3.35 per cent from 3.85 per cent from December 5. Its standard variable rate will reduce from 5.35 per cent to 4.85 per cent.IF chief executive Jim […]


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