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GOLF clubs are being offered insurance cover for visiting players in a joint deal between Royal Insurance and the broking firm Carrick Neill & Co. Premiums are 50 pence per visitor. Call 0131 2255777.

EXETER Fund Managers is launching a high-yield PEP with an initial income of 6.25 per cent. The PEP will invest in blue-chip companies, investment trust shares and income shares of split-level investment trusts. Call 0800 807807 for details.

ALLIANCE & LEICESTER is offering a free Next Directory, worth £3, plus £40 of Next Directory vouchers to the first 10,000 customers who open one of its current accounts and keep it open for three months. Call 0500 646464 for details.

TRAVELLERS aiming to take part in hazardous sports activities while abroad are being offered a new insurance policy by Club Direct. The cover costs £30.01 for two weeks' abseiling or parascending in Europe. Call 01730 817533 for details.

PILGRIM Unit Trust Management is launching a new Japan Fund, which aims to invest in other unit trusts in the region. Minimum initial investment is £1,000. There is a 1 per cent discount on the usual 6 per cent initial charge until 24 March. Call 0191 2013927 for details.