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The Daley Update

Old Mutual Fund Man agers has recruited Stuart Taylor to its Euro pean equities team headed by Adrian Farthing. Taylor worked with Farthing at Hill Samuel and will help manage the Euro pean and European growth funds. Both funds are offering a 2 per cent discount on their initial charges until December 29.

Henderson Global Investors is offering a 0.5 per cent discount on all lump-sum investments into its preference and bond, European high yield bond and Hender son income Isa funds until the end of the year, taking the funds&#39 initial charge to 3.5 per cent. To mark the completion of the transfer of its unit trusts to Oeics, Hender son is also extending the discount on lump sum investment into its retail A share classes until the end of Nov ember. The discount is 1 per cent on all equity funds and 0.5 per cent on bond funds.u Framlington is offering a 1 per cent discount on all lump-sum investments into its UK growth fund until January 31, reducing the front-end charge to 4 per cent.

Downing Corporate Finance is looking to raise £20m with Classic VCT 3. The trust will be similar to the first trust, investing half in technology companies and half in more mature companies, including Aimand Ofex-listed firms. Initial commission is 2.5 per cent and 0.25 per cent renewal.



I have just read a newspaper article about a mother who is petrified about her baby&#39s wellbeing. Not because she is a bad mother but because all the “experts” tell her that, whatever she does, however inn ocuous, it is putting her baby&#39s life at risk.The latest scare for her was that kissing a child […]

Marsden brings in 6.35 per cent fixed rate

Marsden Building Society has brought in the five-year fixed rate mortgage. The mortgage has a fixed rate of 6.35 per cent for the first five years of the mortgage for loans up to 90 per cent of valuation and is available to both homebuyers and people wishing to remortgage without moving home. Following the fixed […]

R&SA launches investment website

Royal & SunAlliance has launched a new website to bolster its direct investment business. The site aims to provide guidance on investment decisions in a simple user-friendly format which R&SA claims will appeal to all. The site offers the choice of 17 Isas online each with individual risk ratings. The funds are also discounted […]

Charge of the enlightened brigade

Are stakeholder pensions the thin end of the wedge for IFA businesses? Certainly, the indications are that reduced commi ssion levels on pensions will lead to reductions on other financial products. This could certainly lead to the demise of IFAs if they are not willing to change.The majority of IFAs rely on commission from product […]


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