ABN Amro Asset Management is offering a range of its capital-protected lifecycle funds into the UK.The six funds, which have been available in Canada and Europe since 2000, each have a predetermined lifespan and look to help investors save for a particular life event. The Luxemburg-domiciled funds will invest predominantly in equities in the early years of the product before gradually migrating into bonds and cash to reduce risk as the product approaches maturity. The funds are designed to deliver a guaranteed amount at maturity, which can rise as any capital gains are locked in at the end of a month, raising the guaranteed amount. ABN Amro director of UK insurance John Townley says: “The big difference with traditional lifecycle funds is that we offer an explicit guarantee and lock in all the investment gains. Throughout the investment period, the product will at least return the guaranteed value.” “The consumer gets a flexible solution to financial planning. The total expense ratio will be capped at 1.8 per cent, which includes all taxes and charges.”
Positive Solutions is looking to set up a fund platform by the end of March 2007.Positive Solutions advisers use all the major platforms but the firm says it aims to create its own proposition.Executive chairman David Harrison says a truly independent adviser cannot favour a single provider-owned proposition but does need access to an open […]
The decision by the Monetary Policy Commitee to increase interest rates by a quarter per cent should act as a wake up call for the UK consumer so start saving and consult their adviser, says IFA Promotions.
The Office of Fair Trading has upheld Aifa’s complaint that market average commission rates included in the menu are wrong but says it will not be taking action against the FSA.Aifa complained to the OFT in April 2005, arguing market average commission rates included in the menu were having an anti-competitive effect on the market […]
Last weekend’s excellent Radio 4 programme Inside Money highlighted the inadequate level of help and protection given to people suffering from identity theft.
The chart below demonstrates the change in US 10-year Treasury yields in the run-up to a Federal Reserve (Fed) hike, and what then happens in the weeks afterwards. This covers the 70 Fed hikes over the past 37 years. In the run-up to a Fed hike, US yields tended to rise. This is no surprise, […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]