Keydata is offering the second tranche of its secure income bond with 7.5 per cent annual income for five years by investing in life policies.The bond offers income without stockmarket exposure and features a full capital return. It is a closed-ended product using traded life policies as an asset class with a five-year term. Keydata says the first issue was successful because issuers of the insurance contracts must have a minimum Standard & Poor’s A rating and because advisers are looking for income through diversified means. The offer is opens from September 19 until November 4. Comm- ission is 3 per cent plus 0.5 per cent trail. Sales director Mark Owen says: “The bond has been successful because advisers can offer their clients a higher level of income and a lower level of risk. Investors are attracted to an asset class without the volatility and unpredictable returns offered by equities.”
Net asset value of the Murray Income trust has risen 23.6 per cent this year, ahead of the FTSE All-Share which rose by18.7 per cent.
The survey by the Essex firm is based on questionnaires from 210 clients and shows an overwhelming bias towards a combination of fees and commission, with 72.5 per cent saying it is their favoured option of remuneration. Only 4.5 per cent prefer a fee-only option while 23 per cent prefer commission only. Forty-nine per cent […]
Jo Charlton talks to five people in the industry in their twenties and discovers what motivates them, their feelings about drawbacks and advantages of the industry and their plans for the future.Driven by money in the loan arenaA finance degree landed Alex Galbraith a job as an investment manager’s assistant although he left fairly quickly […]
US Dollar, Base Rate Tracker and Sterling Savings Accounts
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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The work and pensions secretary Esther McVey has been urged to intervene to protect the pensions of over 200,000 current and former Barclays staff as the UK bank reorganises its pension scheme. Concerns have been growing from the bank’s members over the decision of Barclays to transfer responsibility for pensions to the international and investment banking arm […]
The Financial Services Compensation Scheme is predicting that life and pensions advice compensation payouts will fall over the next year. In its budget for 2018/19 released today, the FSCS notes that while the three-year average for compensation claims over life and pensions intermediation is £83.8m, a falling trend from a peak two years ago should […]
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