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The Daley Update

Newton head of fixed interest Helena Morrissey has been promoted to chief

executive after a string of departures last week. Theresa Egan will take

control of Morr-issey&#39s high-yield bond and European high-yield bond funds

while Stewart Cowley will manage the international bond fund. Ed Britton

will become head of fixed interest.New Star Asset Man-agement has poached

Toby Thompson from Newton to manage its new higher income unit trust, to be

launched later this year. Thompson has managed Newton&#39s higher income fund

since 1996, in which time it has become a top performer.Close Fund

Manage-ment launches its FTSE4Good UK fund this week, which will track the

new FTSE ethical index. Minimum investment is £1,000 or £100 a

month and the fund is available for both Pep transfers and Isas. The

initial charge is 4 per cent. Annual management charge is 1 per cent. The

offer period runs until July 31.Baring Asset Manage-ment has appointed Jan

Mantel as director and head of its UK & Europe equity team. He joins from

Merrill Lynch.Britannic Asset Man-agement has launched a split-capital

investment trust investing in UK equities. The Britannic UK income trust

will offer income shares, ordinary capital shares and zero-dividend

preference shares.


Skipton breaks new ground

Skipton Building Society is breaking new ground with a flexible mortgage that tracks the 3-month US dollar London Inter Bank Offered Rate (LIBOR).The US dollar Libor is the rate at which UK banks lend US dollars to other UK banks and is set by the British Bankers Association.The Manhattan mortgage is available for loans of […]

NDF Administration – Extra Bonus Plan 3

Monday, 9 July 2001.Type: Guaranteed growth bond.Minimum-maximum investment: £10,000-£1m, Isas £5,000-£7,000, Pep transfers £5,000-£1m.Term: 13 months.Interest rate: 10 per cent at end of 13 month term or 0.73 per cent a month.Return: 10 per cent over 13 months or 0.73 per cent a month.Guarantee: Capital returned in full at end of term provided that FTSE […]

Premier c-lects cautious approach

Premier Portfolio Managers has added the cautious portfolio to its C-lect portfolio management service.The C-lect portfolio service already offers the balanced portfolio for low-risk investment, the growth portfolio for medium risk and the enterprise portfolio for investors who want to take higher risks.The cautious portfolio aims to provide a lower risk fund than the existing […]

Chequebooks are out in the dash to gain distribution

Despite the season, IFAs should keep their umbrellas handy in case theyget caught in a hail of chequebooks. The price range is dumbfounding, from around £18,000 per adviseroffered by one insurer to an estimated £357,000 paid per RI at onerecently acquired national. These are rough figures but providers are stumping up the cash. The dashfor […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


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