View more on these topics

Aviva Wrap cuts charges

Aviva Wrap is cutting its maximum charges from 0.55 per cent to 0.25 per cent for new customers investing in Isas and collective investments through the platform.

The tiered annual charge is replaced by a lower flat-rate charge for Isas and collective investments. The reduced charges are applicable for new customers who invest between January 17 and September 18.

Senior marketing manager Phil Ralli says: “This cuts the cost of investing and gives advisers more choice at a time when they are focusing on Isa and tax planning for their customers in the lead-up to the tax year-end.”

Technology & Technical director Kim North: “I would beg Aviva that if it gets clients through the door at 0.25 per cent, charges should remain at that level for the lifetime of the product.”

An Aviva spokesman says: “The reduced charges will be applicable for the lifetime of the product although terms and conditions will apply.”

Recommended

Aldermore appoints two new senior commercial lending managers

Aldermore has appointed two new senior commercial lending managers. Mark Pagett is responsible for managing a team of four lending managers in the Midlands and the North, whereas Peter Owen is responsible for a similar team of four in London and the South. Both report to managing director for commercial mortgages Rob Lankey. Pagett joined […]

Standard Life will offer capped drawdown from April

Standard Life has become the first provider to confirm it will offer capped drawdown from April this year. In December, the Treasury confirmed details of proposals which will remove the requirement to buy an annuity at age 75. This includes the introduction of new capped and flexible drawdown regimes. Standard Life head of Sipp Alistair […]

3

Bailed-out EU countries should get interest rebates, says MEP

Bailed-out EU countries should be refunded some of the interest they have paid on loans once they pay off their debts, according to the chair of the EU’s economic and monetary affairs committee. Liberal Democrat MEP Sharon Bowles says she is concerned at the high levels of interest bailed-out countries are paying and says rich […]

7

Professionalism rules will cost advisers up to £225m by 2013

The FSA says it stands by its cost benefit analysis for the new professionalism requirements, which it estimates will cost advisers up to £225m by the end of 2012 and up to £12m in on-going annual costs from 2013. In its final rules on professionalism, published today, the FSA says it has not underestimated the […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment