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The Daley Update

The Ethical Investment Research Service has set up a new website at The site has several pages for IFAs, giving guidance on

ethical investment funds. It provides statistics, detailed listings of all

forms of ethical finance, and a service to help investors find a specialist

ethical IFA.

Schroder&#39s Medical Discovery fund has raised £445,000 for the Cancer

Research Campaign. The fund, which reaches its first birthday this month,

contributes half of all net initial charges as well as 0.25 per cent of the

value of the fund every year to the charity. The fund has grown by around

11 per cent.

JO Hambro has extended the offer period on its Leisure & Media VCT until

June 29. The fund has raised just over £8.1m of its £27m target.

Fidelity&#39s FundsNetwork has taken £335m in its first year and has

2,700 IFA users. IFAs account for over 70 per cent of the platform&#39s sales,

with 56 per cent of IFAs using online facilities. Eight IFA groups have

white-labelled to the supermarket and over 80 IFA groups have set up links

to the site. The average age of online FundsNetwork users is 42.

F&C Management has appointed Henrik Gjerning and Niall Kirk to its global

equities desk. Gjerning, who joins from Tilney Investment Managers, will

manage the F&C Global Services fund. Kirk, who was a healthcare analyst for

Commerzbank, will manage the healthcare and biotech portions of a range of



Scarborough launches new bond issue

Scarborough Building Society has closed its Bonus Bond Issue Fifteen and is now offering Bonus Bond Issue Sixteen until July 31, 2001.The bond pays 5.85 per cent for the first six months and then reverts to the underlying rate of 4.4 per cent if interest is paid annually.Access is penalty-free on 60 days notice or […]

Funded pension plans face equity threat

Diminishing equity returns could make the Conservatives&#39 proposal ofrelying solely on privately funded pensions dangerous, according to aleading thinktank. The Institute for Fiscal Studies&#39 Election Briefing claims equity returnshave been high historically and it is not certain this will continue. Itsays increased private pension saving worldwide could affect returns in thesame way as a decreasing […]

A consumer&#39s view – Lorna Bourke

The vexed question of who will advise individuals on whether or not toinvest in a stakeholder shows no sign of going away. The Government&#39s contention that employees can decide for themselves looksever more ludicrous. The findings of recent surveys are not encouraging either. Bacon &Woodrow, for example, who might be exp-ected to have some of […]

Actuaries want rethink on Myners&#39 trustee approach

The actuarial profession has expressed its concerns over the Mynersreport&#39s approach to the role of trustees in smaller pension schemes,claiming it takes a “one size fits all” approach The Faculty of Actuaries says a number of the proposals outlined in thereport seem impractical and inappropriate for smaller pension schemes. The faculty believes proper training should […]


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