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The Children&#39s Mutual welcomes Government CTF regulation

Children&#39s savings specialist The Children&#39s Mutual has welcomed the Government&#39s publication of the final Child Trust Fund regulations, allowing them to finalise the preparations for the launch of its CTF system and products.

The provider is finalising its processes and systems in lieu of the distribution of 500,000 CTF vouchers in January.

Chief executive Dave White says: “We&#39re less than five months away from applying to the Inland Revenue in October for our Child Trust Fund licence so this announcement is extremely timely.”


Chartwell launches new website

Chartwell Investment is launching a new website . The site designed with Plum Digital media will include commonly used products, Chartwell services, a fund supermarket and free guides on a range of topics.

Sector switch boosts zeros

The newly created UK zeros sector should boost interest in funds which invest in the much criticised share class, according to Investec Asset Man- agement. Zeros, which were at the centre of the split-cap scandal, had until recently been lumped in the UK other bond sector, which contains a hotchpotch of virtually incomparable funds. But […]

Sainsbury&#39s Bank launches 5.4 per cent one year fixed rate savings account

Sainsbury&#39s Bank is launching a one-year risk-free savings account at 5.4 per cent guaranteed gross return. The account is only available until stocks run out and investors can invest £3,000 or more and be paid interest upon maturity in July 2005. Sainsbury&#39s has devised a first-come first-served booking system to ensure allocation is as fair […]

Broker Talkback

Do you think the ABI is an appropriate body to be doing mystery shopping of IFAs? “I am surprised it is the ABI doing this. It is not in their remit. One has to ask what is their motive?” Malcolm Grigory, Broadstone IFA“I don&#39t know. The ABI is using a separate consultancy so it will […]


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