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TD Waterhouse introduce multi-currency Sipp

TD Waterhouse has announced the launch of an optional multi-currency facility on its Self-invested personal pension (Sipp).

In addition to Sterling (GBP), TD Waterhouse Sipp account holders will now be able to hold US dollars (USD), Canadian dollars (CAD) and Euros (EUR) within the account. 

TD Waterhouse UK chief executive officer Angus Rigby says: “We have introduced the multi-currency facility on SIPP accounts to give investors greater flexibility to trade international markets.  Traders will be able to choose the timing of their foreign exchange transactions to take advantage of rate fluctuations, and trades will be swifter as individual foreign exchange transactions will no longer be needed for each trade.

“Holders of international stock will also benefit from the ability to receive and hold dividends and other corporate action entitlements in the local currency in which they are paid.” 


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Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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