View more on these topics

The Daley Update

Aberdeen Asset Management continued its acquisition drive by buying Ivory

& Sime Asset Management for £6.1m from Friends Ivory & Sime. On

completion of the deal, Aberdeen will also pay the value of the net assets,

estimated to be around £2.1m, as well as an extra £1m on the

second anniversary if funds under management exceed those at completion.

Isam manages £600m in assets, including the £405m British Empire

Securities investment trust and the European Asset Value Luxemburg-based


Threadneedle Investments has appointed Colin Robertson as head of global

strategy. He joins from Merrill Lynch Investment Managers where he was head

of asset allocation. He will be responsible for investment strategy as well

as the specific asset allocation of a range of the group&#39s funds.

Artemis is offering a 1 per cent discount on its UK special situations

fund until the end of August. The discount will reduce the initial charge

to 4.25 per cent. Annual management charge is 1.5 per cent and minimum

investment £1,000.

NDF Administration&#39s extra income and growth plan 7 is offering a fixed

income of 10.1 per cent a year for three years or 33 per cent capital

growth. The stockmarket-linked bond is open until August 17. Minimum

investment is £10,000 or £7,000 in an Isa.


Norwich Union plans to take stakes in IFAs

Norwich Union is planning to buy minority stakes in IFAs, with the M&Enetwork thought to be one of the companies which is under consideration. It is believed to be talking to other product providers about them takingsimilar stakes. NU admits it is reviewing a number of options on its future distributionstrategy and has sought the […]

Self Trade expands with supermarket

Online share dealer Self Trade is the latest player to wade into the fundsupermarket war with the launch of a new service for consumers. The service will enable users to buy Isas and unit trusts from a range ofproviders via a single point of contact. There are 270 funds available,with 80 of these discounted by […]

Marsden brings in three-year fix

Marsden Building Society is getting fixed with the introduction of the three-year fixed rate mortgage.Fixed until July 31, 2001, the mortgage has a rate of 5.95 per cent for loans up to a maximum of 80 per cent. After the fixed rate period the mortgage reverts to the Marsdens standard variable rate. The mortgage is […]

Financial services websites launched by Roberts Clark

Roberts Clark Independent Financial Solutions is launching a series of financial services, legal, tax and accountancy web sites.The IFA says Need An is 15 internet sites combined into one which include Divorce, Wills, Pensions, Savings andTax Free.The site features interactive tools, policy search databases, quotations, online applications and stakeholder designation […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm