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The Daley Update

Edinburgh Fund Managers is offering a 0.5 per cent discount on its UK Smaller Companies Oeic for the length of the Isa season. The offer will run from January 1 until the end of the tax year on April 5, and will reduce the fund&#39s initial charge to 3 per cent from 3.5 per cent. The discount will be available on lump sum Isa investments of £2,000 and over.

Legal & General has launched a new High Inc ome Trust, offering a running yield of 8 per cent. The fund will be run by the same management team as its Fixed Interest Trust. It is available as an Isa, and carries a minimum investment of £500 or £30 a month. There is no initial charge or exit fee within the Isa wrapper, although the fund does charge a 1 per cent annual management fee. IFA commission is either 1 per cent initial with no trail, or 0.25 per cent initial with a 0.25 per cent trail.

Hargreaves Lansdown has released its annual guide to Venture Capital Trusts. The four page brochure covers details of all current VCTs, as well as details of forthcoming launches before the end of the tax year. It also includes an overview of the sector by British Venture Capital Association chairman David Thorp.

Friends Ivory & Sime has appointed Gary Mairs as its new managing director of retail and institutional business. Mairs, 34, has been in charge of FI&S&#39s institutional business since its launch in 1998, but has been appointed to his new position to boost the firm&#39s presence in the retail market.


Arbuthnot fund managers launches growth portfolio

Arbuthnot Fund Managers has launched a new International Growth Portfolio aimed at achieving above average growth in the medium to long term through investment in managed funds. The new fund offers three per cent commission and 0.5 per cent per annum renewal, with an extra 0.5 per cent initial commission on portfolios opened before December […]

Move to help Goldfish hook phone and web customers

British Gas owner Centrica and Lloyds TSB are teaming up to launch a telephone and internet bank under the Gold fish brand next year. The bank will initially offer current and saving accounts online and by telephone and will go on to offer mortgages and life insurance. The joint venture will be known as Goldfish […]

Exclusive Connections launches 4.99 per cent capped rate

Mortgage packager Exclusive Connections has launched a 4.99 per cent capped rate until Feb 1, 2002. The product, funded by Bristol & West, will revert to a discounted rate of 1.25 per cent of its Standard Variable Rate until February 1, 2003. Its current SVR is 7.74 per cent. Exclusive Connections marketing director Patrick Day […]

Norwich Union International appoints training manager

Norwich Union International, CGNU&#39s international offshore investment operation, has appointed Paul Kennedy as UK international technical & training manager. An IFA for 18 years, Kennedy was on NU&#39s Long Term Savings Technical Training Scheme where he gave training to over 1,000 IFAs. NUI director of UK distribution Steve Johnson says: “With his extensive experience and […]

Why your clients need some tough love

In any relationship that matters, professional or personal, you should be upfront with someone if you think they’re making a decision or doing something they might later regret. Being honest with someone and having their best interests at heart, however hard the message, is key to building trust in any relationship. So how does this […]


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