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The Daley Update

Artemis is to add a European growth fund to its unit trust range, taking its total number of funds to five. The fund is due to start on March 5. Front-end charge is 5.25 per cent. Annual management charge is 1.5 per cent. Initial commission is 3 per cent but there is no trail.

New Star Asset Management has appointed Stewart Cazier as joint managing director of investment fund operations. Cazier is the latest member of staff to be poached from Norwich Union Investment Funds following New Star&#39s recruitment of three of NUIF&#39s senior sales and marketing employees last month.

Jupiter is offering a unit trust investing in zero-dividend preference shares. The Jupiter preference fund is launched on March 21.u M&G has set up a European technology fund following the recruitment of UBS European fund manager Phil Pearson. The fund, is set to open in the spring.

Scottish Widows has set up a global Isa investing in its global trust fund. The trust, set up in 1986, was made available for life and pension products last summer but has not been a valid Isa investment until now.



When Mahatma Gandhi pronounced: “We must become the change we want to see”, it is unlikely that the UK financial services industry was foremost in his thoughts. However, as the last 10 years or so have led us to the midst of the greatest upheaval the industry has ever undergone, it seems that Gandhi may […]

Abbey revamps loan range

Abbey National has unveiled a new range of fixed-rate, discounted and cashback mortgages. The fixed-rate range includes a two-year loan fixed at 5.49 per cent for up to 75 per loan to valuation. The discounted range features a two-year discount of 2.25 per cent off the standard variable rate, giving a rate of 5.49 per […]

Virgin Direct calls for genetic tests moratorium

Virgin Direct is calling on the Government to put in place a three year moratorium to prevent insurance companies asking customers for the results of genetic test. Virgin made its proposal to the parliamentary genetics and insurance inquiry, which is currently gathering evidence from scientists and insurance industry representatives. A survey carried out by the […]

Chelsea bridge gap between Isa And bond

Chelsea Building Society has introduced the portfolio mini cash Isa which marries the benefits of a high interest mini cash Isa with a unit-linked bond. The Isa has a minimum investment of £10,000, of which £3,000 must go into the mini cash Isa. The remainder will be invested in the Norwich Union portfolio bond. The […]


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