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Investments
SVM to launch fund equipped for volatile markets
SVM UK Absolute Alpha Fund, the new launch from Edinburgh based independent fund management group SVM Asset Management, has been approved by the FSA.
Investment company charges fall for 4th consecutive year
The economic turbulence and market volatility has made for a challenging year for the investment company sector.
Halifax launches ISA Direct Reward
Halifax has announced the launch of a new product - the ISA Direct Reward, offering a guaranteed interest rate of 3.00% AER/Gross for the first year. The product will complement the existing range of ISA products and is available from 24th February 2009.
Young adults still rely on parents for more cash
Parents could be facing a bleak future, owing to the rise of the ‘bungee brood' a generation of young adults who may never sever their links to the parental purse strings, according to a new report released today from The Children's Mutual and the Social Issues Research Centre (SIRC).
Newcastle promises to hold rates for popular ‘Reward ISA’
With interest rates the lowest on record and the ISA season almost upon us, Newcastle Building Society has today promised to hold the rate of its best selling Reward ISA at 3.00% Gross / AER in response to the Bank of England’s rate reduction.
Chelsea improves ISA range
Chelsea Building Society has now improved their two Individual Savings Accounts (ISAs). The accounts - Chelsea Postal 30 Cash ISA and Chelsea Cash ISA (2nd Issue) - have highly competitive interest rates and allow savers to transfer money in and out.
More Brits to shun ISA allowance
The full impact of the financial crisis on consumer savings was revealed today (23 February) when new research confirmed 13 per cent more people will forego their ISA allowance compared to last year.
Argonaut launch European Absolute Return Fund
European equities boutique, Argonaut Capital, is delighted to announce the launch of the Argonaut European Absolute Return Fund. Managed by Argonaut founding partner Barry Norris, the fund will aim to achieve positive returns regardless of market conditions.
LV= launches new ISA fund options
Mutual insurance and investment group LV= has launched three new ISA options, offering savers an alternative home for their savings following the record interest rate cuts over the last five months.
The name is Bond, Corporate Bond
Historically high levels of investment grade corporate credit spreads are boosting the yield from corporate bond funds to a recession-beating range of 5 per cent to 8 per cent, according to wealth manager HFM Columbus.
Abbey and Alliance & Leicester new 2 year fixed rate bond
Abbey and Alliance & Leicester Savings are launching a new 2 Year Fixed Rate Bond with a great interest rate of 4.01% fixed gross pa/AER - the best rate available in the market for a product of this type.
F&C Managed Portfolio Trust loads up on Asian dividends
F&C Managed Portfolio Trust, an innovative multi-manager investment trust launched last year to invest in closed-ended investment companies, has been building positions in Asian and other non-UK income funds in the search for attractive yield opportunities.
Chinese internet users reach 289 million
The number of Chinese internet users has reached 298 million, according to the China Internet Network Information Centre (CNNIC). 270 million of these have access to broadband.
TD Waterhouse customers hope to turn Lloyds' bad luck into a charm
Angus Rigby, Chief Executive Officer, TD Waterhouse comments: "When Lloyds' share price fell by a staggering 32% on Friday the 13th, TD Waterhouse customers were clearly hoping to take advantage of the volatility to either make a short term profit, or gain by holding the stock for the longer term.
Nationwide launches new bonds for savers
Nationwide Building Society has announced details of a new range of fixed rate bonds, e-Bonds and fixed rate ISA bonds, which will all offer a guaranteed rate of return for savers.