Savings plan from Martin Currie altered

Martin Currie is making alterations to its investment trust savings scheme and will relaunch it in the autumn.

The minimum monthly investment will be increased from £20 to £30. Minimum lump sum investments will increase from £200 to £300.

One reason for the relaunch is due to the changes in the group's investment trust range. Among the trusts which were not previously included are its two split caps, Martin Currie Enhanced Income and Martin Currie Income & Growth. The Enhanced Income was a reconstruction of Martin Currie Smaller Companies Trust which was wound up earlier in the year.

Apart from the Smaller Companies Trust the Moorgate Trust will also not be available to investors in the scheme. The group lost the management contract of the trust to Henderson Investors at the end of June.

The other major reason for the relaunch is the start of the AITC marketing campaign. The group intends to start promoting its saving product in the middle of October. Like other groups it will mark all information on the scheme with the 'its' logo.

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