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Wesleyan unveils ISA plans

Wesleyan Financial Services is planning to offer a &#34no fuss&#34 ISA to compensate for the complexity of the Government&#39s plans.

It will offer a maxi ISA consisting of an equity element via the Wesleyan Growth Trust with a cash unit trust for the cash component.

The equity-only mini ISA will offer the Wesleyan Growth Trust alone while the mini cash ISA will consist of a cash account through Wesleyan Savings Bank.

The minimum monthly premium into the Growth Trust will be £200 with a minimum single premium of £2,400. It will not offer a life element.

Wesleyan deputy managing director Mike Sinclair says: &#34ISAs have ended up being quite complex which is why we have made our range as simple as possible. But we strongly believe that customers should take professional advice before investing.&#34


Oeic survey reveals

NOP research reveals few people know what Oeics are despite them being seen as the investment vehicle of the future. A Norwich Union commissioned survey revealed just 16 per cent of adults have heard of Oeics despite 32 per cent having invested in unit trusts, investment trusts or Peps. Autif director of communications Anne McMeehan […]

Aitchison & Colegrave launch Global Strategy Trust

UNIT TRUSTSAitchison & ColegraveGLOBAL STRATEGY TRUSTAim: To achieve capital growth and income through a fund of funds investment.Minimum investment: Single – £500, regular £30 a month.Investment split: UK fixed interest – 20 per cent including M&G corporate bond 5 per cent, Henderson preference & bond 5 per cent, Aberdeen Prolific fixed interest 10 per cent. […]

Capel Cure Myers cuts earnings per share forecast

Capel Cure Myers has revised its estimate for earnings per share growth next year to minus 5 per cent and reduced this year&#39s target to 5000.It says that the dollar will remain generally weak due to the US current account deficit. This won&#39t be easy to ignore with Wall Street profit forecasts for this year […]

Chelsea cuts investment rates

The Chelsea Building Society is reducing its investment interest rates from 21 October.On its postal Instant Option for accounts of £25,000 plus the gross rates is cut from 4.65 per cent to 4.4 per cent. For savings of £5,000 to £9,999 the rate is cut from 3 per cent to 2.6 per cent.For the postal […]


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