View more on these topics

Buckles adding property fund to Snowdonia range

IFA Buckles Investment Services is planning to add a property fund to its Snowdonia fund-of-funds range in October.

The Snowdonia property fund will be based onshore and will invest on a global basis, primarily in real-estate investment trusts. It will also make direct investments in the shares of property companies and will have a target yield of 5-6 per cent a year.

The fund will be managed by former Aberdeen property fund manager Alex Ross, who recently joined Premier.

By appointing Ross, Buckles is continuing its strategy of outsourcing the management of its funds. Its three existing Snowdonia funds are managed by Premier, Mercater Capital Management and Rensburg Investment Management.

The minimum investment for the property fund will be 1,000 or 50 a month and the charges will be in line with the existing Snowdonia funds of 5 per cent initial and 1.5 per cent annual.

Buckles chief executive Nigel Speirs says: “We think the tax breaks make Reits very attractive. We are launching this fund because investors are still income-hungry and property is a perfect balance for our income fund, which is currently yielding about 4 per cent.”


Schroders follows the orient

The Schroder oriental income trust is an investment trust designed to take advantage of dividend growth in the Asia Pacific region.

BM Solutions launches limited edition BTL tracker

BM Solutions is launching a limited edition buy to let lifetime tracker. The BTL special has a rate of 4.89 per cent and has a 1.5 per cent arrangement fee with three years of early repayment charges. The product has a rental calculation of 125% per cent of BBR + 0.39 per cent.All BM Solutions […]

Foreign affairs

Progress is being made in revamping the Foreign & Colonial investment trust.

Money Portal chief Morris quits ahead of court case

The Money Portal is expected to announce a new chief executive next week after former CEO Tony Morris was forced to resign last week by the Department of Trade and Industry. Morris resigned in advance of a court case brought by the DTI concerning his role as director of 11 firms, seven of which have […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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