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Abbey sets up funds supermarket

Abbey National has become the first high-street bank to set up a funds supermarket. It will be caled FundsCentre and will offer 280 funds.

Abbey says the move is part of its strategy to boost its wealth management business.

Abbey National director of retail e-commerce Ambrose McGinn, says: “Abbey National is taking the complication out of investing by providing an easy access, flexible service through a trusted brand name. FundsCentre offers access to impartial information and an extensive selection of market-leading funds.”


HSBC Asset Management – HSBC Pep Plus 7

Friday, 24 May 2002 Type: Guaranteed equity bond Aim: Growth linked to the performance of the FTSE 100 index Minimum investment: Lump sum £3,000 Place of registration: Dublin Investment split: 100% linked to the performance of the FTSE 100 index Guarantee: Original capital returned in full at end of term Isa link: No Charges: Implicit […]

L&G launches IFA kit for populating stakeholder

Legal & General has launched a new tool-kit to help IFAs populate and manage stakeholder and group personal pension schemes. The kit contains a range of targeted literature for the IFA to use with employers and a guide to help explain the benefit of joining the scheme to staff. It also has a scheme management […]

What they said in G80 workshops

“The IFA of the future will be a fully time-controlled, cost-driven, professional practice. The bigger distributors will have both and AFA and a smaller (initially) IFA part.“The AFA will look like second-class citizen.”“Advice firms have to emphasise ongoing relationships and move away from transactions. They will need IT to support this, service and marketing-orientated.”“Use of […]

Way to bridge the savings gap

I attended a seminar recently, during which we were informed that the thrust of the Government policies for fin-ancial services is to “close the savings gap”, currently running at around £27bn each year.For this reason we were told, Sandler, CP121, Myners, Pickering and the Inland Revenue pension simplification review are being undertaken. This is, of […]


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