View more on these topics

Witan to keep its divi in line with inflation

Giant investment trust Witan says its dividend policy will stay in line with inflation following its much-hyped relaunch.

The £1.35bn investment trust, which switched to a new mandate last month, revealed that its dividend would not change this year.

After a year-long worldwide search, Witan recently revealed a mandate with five new managers based in Asia, UK and the US, to join Henderson Global Investors in managing the portfolio.

The current Witan yield is 2.7 per cent while the average annual yield for the global growth sector is 2.2 per cent. The trust was set up in 1909 and has over 55,000 investors.

Witan chairman Harry Henderson said in in July that the board would state the trust&#39s view on the dividend at the end of 2004.

Henderson says: “I am pleased to report that because of the way we have managed costs associated with the strategic changes and this allied to lower investment management fees means that the trust will keep the dividend policy unchanged.”


Chilton warns on outsourcing

Contracting out regulated activities such as compliance services will cause unnecessary confusion for brokers after M-day, warns Purely Mortgages chief executive Mark Chilton. He says brokers which farm out compliance will be sending mixed messages to consumers. Under the new regulatory regime, brokers will have to disclose which company they are an authorised representative for. […]

Fund firms urged to adopt active lifestyle

Fund managers need to offer investors better lifestyle products that reduce risk over time, says Bates Investment Services. Research from the IFA company shows that passive lifestyle products can lead to investors losing out since the investment can move out of equities without regard to what the wider economy has done. The analysis from Bates […]

Woolwich Plan Managers – Accelerated Growth Bond

Type: Capital protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: £3,000-£500,000, Isa £7,000 Term: Six years Return: 700 per cent growth in the index up to 63% Guarantee: Original capital returned in full providing the FTSE 100 index does not fall by more than 50 per cent without […]

Product Matters

One thing that continues to surprise meabout small boutique firms which genuinely offer true growth potential is that they get overlooked by the majority of the market. One such firm is Saracen Fund Managers. The firm is based in Glasgow and was set up in March 1999 with the launch of its growth fund. To […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm