Money in Brief: SIB change

Friday 20 May 1994 23:02 BST

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The Securities and Investments Board, the City watchdog, has relaxed its rules to allow income unit trusts to charge fees from the capital in their funds rather than from the income alone. The decision could increase yields to investors, with some estimates suggesting that payouts on a UK equity income fund could rise from 4 to 5.5 per cent.

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Money in Brief: SIB change

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