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The Daley Update

Aberdeen is to offer IFAs transferable renewal commission from October 1. IFAs can get trail on existing investments of new clients.

Framlington NetNet fund manager Chris Bell has quit the group to pursue a career in client relations with Tilney Investment Management. Bell was lead manager of the unit trust until May. Nick Evans now heads the fund. Framlington head of European equities Caspar Rock is moving to Antony Milford&#39s Framlington Health fund team. Rock&#39s European unit trust will be managed by Mark Hargraves.

Aegon Asset Management has recruited Melanie Mitchell as a European corporate bond specialist for its fixed-interest team. Mitchell joins from Abbey National, where she was an investment manager.

BFS is to launch a new split-capital property fund, investing primarily in commercial property. BFS Managed Properties Limited will be a Guernsey-registered investment company, offering zero dividend preference shares and ordinary shares. The zeros will have a 10-year lifetime and aim for annual capital growth of 9 per cent. The ordinary shares will have an initial dividend yield of 9.5 per cent.

Schroders head of investment management Nicola Ralston is to retire after 22 years with the group. Schroders says it will not be replacing Ralston. Instead, her responsibilities will be divided by Schroders&#39 chief investment officers David Gasparro and Sara Harun.


A review too far

The Government commissioned the Myners review to consider whether there are factors that distort decision-making on institutional investments. The review concluded that such factors do exist and recommended ways of tackling them, including replacing the minimum funding requirement and the introduction of two codes of best practice for defined-benefit schemes and defined-contribution schemes.Codes of practice […]

Norwich & Peterborough – Five Year Fixed Rate Tessa Only Isa

Tuesday, 3 July 2001.Type: Mini cash Isa for Tessa maturities.Minimum investment: £1000.Maximum investment: £9,000.Catmarked: No.Interest rate: 5.75 per cent gross a year.Charges: None.Withdrawal penalty: 120 days&#39 interest on amount withdrawn in fixed rate period.Commission: None.Tel: 0845 3002511.

HSBC Bank International – World Growth Fund

Monday, 2 July 2001.Type: Ucits.Aim: Growth linked to the FTSE 100, S&P 500, Nikkei 225 and Dow Jones EURO STOXX 50 indices.Minimum investment: £5,000 or $5,000.Place of registration: Dublin.Investment split: FTSE 100 25 per cent, S&P 500 25 per cent, Nikkei 225 25 per cent, Dow Jones EURO STOXX 50 25 per cent.Isa link: No.Charges: […]

Norwich & Peterborough – Three Year Fixed Rate Bond

Wednesday, 4 July 2001.Type: High interest account.Minimum-maximum investment: £1,000-no maximum.Interest rates: 5.75 per cent gross a year, 5.6 per cent gross a month.Term: Three years.Offer period: Until further notice.Withdrawal penalties: If no notice given, 120 days&#39 loss of interest on amount withdrawn unless at least £1,000 remains in bond.Tel: 0845 3002511.

In Focus Ebola cover - thumbnail

White paper — In Focus: Ebola Virus Disease

Jelf Employee Benefits focuses on Ebola Virus Disease (EVD) and what this means for businesses with operations in West Africa. This will be of particular interest to those with employees either travelling to, or living within, West Africa, the area affected by the most catastrophic outbreak of Ebola to date.


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