Allied opts to pull out of Micropal

Allied Dunbar pulled its funds from the Micropal service this week after the latter decided against ...

Allied Dunbar pulled its funds from the Micropal service this week after the latter decided against introducing a new sector that the life company felt would be more appropriate for its funds. Micropal had considered introducing a sector called UK and International Equities, which would have included funds which had more than 80% of their assets invested in equities with between 50% and 80% invested in the UK. It decided against the idea, however, as it believed few funds would have qualified for it. Allied Dunbar de-listed its life and pensions equity funds from Micropal classificati...