It's OK for OEICs
Article Abstract:
Open-ended investment companies (Oeics) will be launched in the UK in Jul 1996. The Securities and Investments Board (SIB) has announced draft regulations covering this type of investment vehicle. Their assets depend on how many investors are in the fund. Board members are permitted to be drawn from the investment manager's staff. There will be a single price for sellers and buyers, and this could mean high costs if many transactions are carried out, with remaining investors bearing the cost burden.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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'Trust us' say managers but can you
Article Abstract:
UK unit trusts have been marketed as scure investments in comparison with other vehicles investing in shares. Problems faced by Morgan Grenfell could affect investor confidence. Fund management houses may keep tighter control of individual managers following the affair. The Personal Investment Authority (PIA) plans disclosure rules setting out costs, risks and aims for investors so they can compare products more easily. These rules come into force from May 1997.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Pulling teeth
Article Abstract:
Regulation of United Kingdom unit trusts will be affected by changes planned by the new Labor government. An enlarged Securities and Investments Board (SIB) is planned, and there will be an emphasis on more transparency over charges. Unit trusts could benefit from the government's plan for stakeholder pensions since they can offer advantages in terms of transparency. Changes to the SIB could also help the industry by cutting costs through boosting efficiency.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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