View more on these topics

BAT looks at selling parts of Eagle Star

Templeton will convert its three unit trusts into Oeics next month after unitholders agreed to the change.

In a vote on March 11, more than 95 per cent of unitholders present supported the conversion, which will be completed formally on April 6.

The three funds involved are the £42.5m global growth trust, the £5.4m value trust and the £3.2m global balanced trust.

Templeton European chief executive Dickson Anderson claims Oeics are the most suitable and flexible structure for the future of the UK fund industry.

Charges on the three funds will be unchanged at 5 per cent initial plus 1.5 per cent annual.

Shareholders will be able to switch between the funds free of charge.

UK marketing manager Jim Sharp says Templeton is planning to launch more funds later this year but declines to give details.

Recommended

Exeter cuts Pep initial charges

Exeter Fund Managers is offering a 1.5 per cent discount on the initial charges for its two Pep portfolio funds. The initial charge has been cut to 3.5 per cent from 5 per cent for the Chameleon Income Portfolio and the Chameleon growth fund until May 29. An annual charge of between 1.25 and 1.5 […]

Hard nut to crack for securitisation squirrel

NPI has spent much of the last few years struggling to transform itself into a modern mutual life office capable of sur viving well into the next millennium. But it has been mostly a process of firefighting as industry experts continue to sting NPI with criticism. It remains the centre of speculation that it will […]

Investment View

You cannot turn your back for an instant. there I was, taking a few days well earned rest away from the cold and damp of a British spring, when markets suddenly developed an attack of the jitters. Interest rate worries were the reason. Not here – in the US. And, of course, everyone worked on […]

A contrast in illustrations

I have every sympathy with your correspondent Anthony Harper who mentioned the contrast between the Standard Life illustration and J Rothschild Assurance. I have recently had reason to compare a pension transfer illustration from Rothschild which showed that a critical yield of 11.15 per cent was needed to match the scheme benefits. Choosing Clerical Medical […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment