View more on these topics

Aegon multi-asset fund aims for 10% annual return

Aegon Asset Management is to introduce a multi-asset fund aiming for an annual return of 10 per cent over a three-year period.

The strategic assets fund will launch on March 1 and will com- prise predominantly long- only investments, principally in equities and fixed income.

The fund will be placed in the IMA cautious managed sector. Management will be split between William Dinning, head of investment strategy, and Sean Flanagan, of multi-asset group.

Minimum investment is £500. Initial charge is 5.5 per cent, which is discounted to 2.5 per cent for lump sum investment until March 1, 2012. Annual charge is 1.5 per cent.

Head of sales retail Steve Kenny says: “For the first time, retail investors will benefit from the expertise of our multi-asset group, which was previously the preserve of the institutional and professional investor. The fund is specifically aimed at the retail market and is designed to be easily understandable for the general investor while targeting an annual return of 10 per cent across all market conditions.”

AWD Chase de Vere head of communications Patrick Connolly says: “Investing in a range of different assets is a sensible approach. Aegon is a reasonably good equity and fixed-interest manager, so that makes this fund worthy of consideration. However, I am completely against people publicly stating what they are trying to target. It risks setting unrealistic investor expectations.”

Recommended

2

Eviction notice

The total number of repossessions has remained low throughout the financial crisis and the numbers have been falling over the last 12 months. Recent figures from the Council of Mortgage Lenders show repossessions for the whole of 2010 were 24 per cent lower than in 2009. A total of 36,300 homes were repossessed last year, […]

Leeds Building Society aims to boost mortgage lending

Leeds Building Society is targeting a 25 per cent increase in new mortgage lending this year, as it posts a pre-tax profit of £42.2m for 2010. The society’s profit is up 33 per cent from £31.7m in 2009. New mortgage lending at the Leeds rose 7 per cent from £922m to £984m, with an average […]

Pension switch advice failings cost two firms £143k in fines

The FSA has fined two firms, Perspective Financial Management and Cricket Hill Financial Planning, a total of £143,500 for failing to check the suitability of the pension switching advice they gave their clients. PFM, which is based in Milton Keynes, was fined £49,000. It was bought by consolidation vehicle Perspective Financial Group in April 2008 […]

4

Platforms are ‘wolves in sheep’s clothing’

Insurance companies and fund companies with wrap platforms are “wolves in sheep’s clothing” and will be the biggest threat to advisers after the RDR, according to Succession Advisory Services chief executive Simon Chamberlain. At Money Marketing’s RDR Invitational held in London earlier this month, Chamberlain said insurers and fund managers are using platform technology to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com