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The Daley Update

uChase Fleming Asset Management is offering a 2 per cent discount for investments of £5,000 or more into its premier equity growth fund until the end of the tax year. The discount reduces the initial charge to 3.5 per cent. A 1 per cent discount is offered on sums between £3,000 and £4,999. Lincoln Unit Trust Managers is offering discounts on lump-sum investments into its unit trust range until the end of April. Investors will get a 3 per cent discount in February, a 2 per cent discount in March and a 1 per cent discount in April. Initial charges on all funds is 5.25 per cent except the corporate bond, which charges of 5 per cent. Minimum lump-sum investment on all funds is £500. Commission is 3 per cent initial and 0.5 per cent trail.uOld Mutual Asset Managers has appointed Alan Porter as fund manager on its European equities desk. Porter joins on March 12 from Schroders Salomon Smith Barney.uWitan Investment Trust is waiving its 1 per cent dealing cost for all Isa investments into the fund until April 30. Investors will pay just 0.5 per cent stamp duty. Commission is up to 3 per cent initial and up to 0.5 per cent trail.



The Treasury&#39s recent consultation paper on standards for retail financial services products extended an invitation for responses on the future structure of Catmarks. I find it surprising that there has been so little comment on the really important questions. In particular, I wonder why no one in the industry has confronted the Treasury on what […]

Dresdner RCM appoints two to equity research team

Dresdner RCM Global Investors is appointing Gareth Thomas and Nicholas Buxton to its global equity research team.Buxton joins as assistant director and pan-European telecommunications analyst. A qualified accountant Buxton was formerly at Schroder Investment Management and earlier spent seven years at PricewaterhouseCoopers.Thomas joins as assistant director and pan-European media analyst. He joins from Commerzbank Securities […]

Industry awaiting tax rules on IPAs

Confusion continues to shroud IPAs this week as the PIA admitted it could not lay down regulations until the Treasury had explained full details of proposed tax reliefs. In a consultation paper issued last week, the PIA says: “The potential impact and structure of IPAs cannot be fully considered until the wording of the proposed […]

Sun Bank launches discount flexible mortgage rates

Sun Bank is launching a new discounted rate on its flexible mortgages. Borrowers pay 5.49 per cent, a discount of 1.25 per cent until October 2001 from the variable rate, currently 6.74 per cent. Special status flexible mortgages, for the self-employed, are discounted for the same period by 0.5 per cent to 7.44 per cent […]


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