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Chartwell balances risk with income service

IFA Chartwell Investment Management is offering a new service for investors who are struggling to meet their income requirements.

Incomeline aims to help investors achieve a balance between the levels of risk to achieve income returns.

It keep them updated about products, including risk ratings and information such as building society and National Savings rates. Incomeline also includes details of Chartwell&#39s recommended distribution bonds and how to get a quote for an annuity.

Research analyst Ben Willis says: “We found that investors are sitting on their hands. It does not take much to knock confidence at the moment. We decided to provide a new service rather than keep mailing information to our investors to keep them informed about income-producing products. We do not even take commission on all the products but hope that investors remember what a good service we provided and come back”


Prudential – Prudential Flexible Income Drawdown Plan

Tuesday, 3 September 2002 Type: Income drawdown Minimum investment: Lump sum £100,000 Investment choice: Choice of three investment strategies &#45 cautious, standard, adventurous or 25 funds from M&G, Prudential, Merrill Lynch, Newton, Invesco Perpetual, UBS and Schroder. Charges: Annual 0.8 &#45 1.5% Allocation rates: 96 &#45 99% Commission: Initial 3%, renewal 0.5% Tel: 0845 0757576

Cassells is out as Old Mutual restructures

The manager of Old Mutual&#39s flagship hallmark growth and income portfolios, Logie Cassells, has left the firm. His departure comes with the firm seeking to boost its flagging performance. It is another round of moves at Old Mutual following the departure of its European equities team and loss of marketing director Barry Russell. The restructure […]

Inside edge: Ian Chimes

Is an AAA rating worth more than five stars? If a fund is downgraded from AA to A, is this worse than being downgraded from five stars to three? The relationship between fund management companies, ratings agencies and intermediaries has historically been one of mutual dependency. A good rating from Standard & Poor&#39s Fund Services […]

Newcastle launches bond deposit account

Newcastle Building Society is launching a guaranteed bond deposit account which allows investors to participate in the growth achieved by five funds investing in world markets.Newcastle says the funds are all five-star rated by Standard & Poor&#39s Micropal and have outperformed their benchmark indices since inception. They are the Credit Suisse bond fund, Fidelity European […]

What's going on in the 'offshore' world?

Graeme Robb, Senior Technical Manager at Prudential, explores the current state of the nation for offshore issues and highlights areas which may be particularly relevant to advisers. In the context of insurance companies, ‘offshore’ can be a relatively straightforward matter. Like their onshore equivalent, offshore bonds are ‘non-qualifying’ for tax purposes, meaning that all gains […]


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