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Survey shows young people want financial services

Few young people currently have savings, insurance and pensions, but most aspire to have them, according to a survey of YMCA residents by the New Policy Institute .

The research shows 90 per cent think they need a pension but only 10 per cent have actually started one. Of those surveyed, 70 per cent thought it important to insure their belongings but only 10 per cent have insurance.

New Policy Institute director Guy Palmer says: “Young people are in a period of transition. They are the future customers of the financial services industry, but there has been very little work addressing the financial service needs of young people.”


Aberdeen Asset Management launches European thematic fund

Aberdeen Asset Management is launching a fund targeting world-leading global European companies within a framework of themes covering globalisation, European harmonisation and communication.The Aberdeen European Champions Fund will be managed by Stephanie Gerrard and Adrian Fowler. Available in an Isa wrapper, initial charge is 4.25 per cent and the annual management fee is 1.5 per […]

Stock Exchange raises international profile

The London Stock Exchange is embarking upon an international promotion to raise the profile of its techMARK and AIM markets overseas.The Exchange is launching advertising campaigns across UK and European media, and will host investor roadshows for fund managers and equity analysts in European financial centres.Exchange chief executive Clara Furse says: “This initiative is a […]

Killik & Co launches Sipp

Stockbroker Killik & Co is launching a self-invested personal pension with a £100 entry fee and no administration charges. Customers will receive investment advice but only pay transaction charges of 1.65 per cent up to £15,000 and 0.5 per cent for higher trades. The Sipp will be marketed directly to Killik & Co clients.

VCT aims at UK universities

A group of academics and professional investors is teaming up to launch a venture capital trust, aiming to invest early in technological products developed by four UK universities.The Venture Technologies Academic Research Partners VCT will invest in Bristol and Southampton universities, University College London and Imperial College, who together spend £450m a year on research.Chief […]


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