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News

ETFs

PowerShares launches ETF of closed-end funds

Invesco PowerShares has unveiled an ETF portfolio comprising closed-end funds (CEFs) on NYSE Arca.

clock 24 February 2010 •

Your profession

Jelf IFA arm revenues fall

Jelf Group was forced to cut costs in its financial advice business last year after making an operating loss of nearly £9m.

clock 24 February 2010 •

Your profession

Record numbers seek debt advice from CAB

Record numbers of enquiries were made to the Citizens Advice Bureau (CAB) for debt guidance in the final three months of last year, 24% up on the same period in 2008.

clock 24 February 2010 •

Individual Protection

Quarter of Britons could access only £100 if unable to work

New research from Aviva has shown that the average British household may only have enough cash to cover bills for 14 days if they lost their source of income.

clock 24 February 2010 •

Individual Protection

Zurich releases new large case underwriting guidance

Zurich is publishing new guidance for advisers on the underwriting process for large protection cases.

clock 24 February 2010 •

Regulation

Tories set five-year deadline for regulatory reform

The Conservative Party yesterday said it aims to complete a radical reform of financial services regulation in just five years.

clock 24 February 2010 •

Your profession

St James's Place hits record AUM after £2.3bn net inflow

St James's Place recorded a £2.3bn net inflow last year to reach record funds under management of £21.4bn at end 2009.

clock 24 February 2010 •

Economics / Markets

Northern Rock savers to lose 100% guarantee in three months-papers

Savers with money in Northern Rock will lose the government's 100% guarantee on their deposits in three months' time.

clock 24 February 2010 •

Investment

Rathbone unit trusts suffer £230m net outflow in '09

Rathbone Unit Trust Management suffered a £230m net outflow in 2009, taking its total funds under management down to £940m at 31 December.

clock 24 February 2010 •

Economics / Markets

Morning markets: FTSE rise tempered by ex-dividend stocks

The FTSE opened marginally higher this morning, rising by 18.7 points, or 0.4%, to 5333.79.

clock 24 February 2010 •
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