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Whittaker appointed manager of New Star’s equity income unit trust

Stephen Whittaker has been appointed to manage New Star’s equity income unit trust.
Whittaker, who is New Star’s joint chief investment officer, already manages the firm’s UK growth fund.
He takes over from Tim Bray who will focus on the management of New Star’s institutional business.
New Star managing director of UK retail sales and marketing Phil Wagstaff says: “Stephen’s appointment gives a greater focus to the management of the New Star equity income unit trust. His strong track record and experience of UK equity income investment will serve in the best interests of the fund’s investors.
“Stephen’s ‘growth-tilt’ approach on the New Star equity income unit trust broadens New Star’s equity income proposition. This includes the £600m New Star higher income fund, which is managed by Toby Thompson who employs an ‘out-and-out income’ investment style.”


FSA adds to Disp confusion

The IFA Defence Union has called for clarification of the complaint-handling requirements of retired advisers after the FSA confirmed they were not subject to Disp 1 rules.In a letter to IFADU chairman Evan Owen, the FSA’s mortgage endowments and complaint policy team said IFAs that are no longer authorised are not subject to Disp 1, […]

Advocate wants to give advice

Aviva policyholder advocate Clare Spottiswoode says policyholder advocates should get exemption from the Treasury to give financial advice.The Treasury is holding a 12-week consultation on whether advocates should be exempt from FSA authorisation as they offer broad advice to policyholders on investments.The position of policyholder advocate was brought in by the FSA to help deal […]

In the system

Many of us will be reflecting on what the year ahead holds. The markets have certainly taken a turn for the better, with the FTSE ending the year above the 6,000 mark.

HMRC helping to remove artificial gains

An investment bond offers investors certain tax advantages, one of which is the ability to take partial surrenders from the investment. This facility allows the policyholder to withdraw amounts up to 5% of the amount invested each policy year on a tax deferred basis, without incurring any immediate tax liability. This tax deferred allowance can […]


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