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Aegon bond fund goes monthly with income

Aegon Asset Management is to increase income payments on its high-yield bond fund to a monthly basis in the summer.

The fund’s charging structure will be changed so that the annual charge is taken from capital rather than income in a bid to bolster the yield.

From August 1, distributions will switch from their current quarterly basis in response to investor demand, says Aegon.

The change will only affect investors holding income shares, with accumulation shares remaining unaffected.

The £91m fund, which is managed by Philip Milburn, reached its five-year anniversary in March. Over five years to May 7, the fund is up by 41.4 per cent compared with an average gain of 42.2 per cent in the UK other bond sector. Over three years the fund is up by 29.2 per cent compared with a peer group average of 22.4 per cent.

Director retail sales and marketing Jon Bennett says: “Our market analysis has shown that our investors would prefer the convenience of monthly income payments and the boost to their income that switching charges from income to capital will give.”


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IFA Fiona Price has responded to criticism in last week’s Money Marketing over accusations of her belittling women in the debate on how to encourage them to enter the industry.Last week, Thinc Group financial consultant Christina Skinner said she was outraged by comments made by Price over Thinc’s female recruitment drive.But Price argues that her […]

Factory gate price is right

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NAPF launches poll to gauge pension concerns

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Millfield declared in default

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Planning now for the residence nil-rate band

Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]


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