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Comparative table bias against managed funds

The FSA&#39s comparative tables enable consumers to filter out funds with higher charges, by showing only the cheapest 25 per cent or 50 per cent of funds.

The move has surprised the industry as it is likely to direct investors away from managed funds.

The site presently only offers access to UK growth funds.


FSA reluctant to ease restrictions on providers investing in IFAs

The FSA says it is reluctant to liberalise the rules governing provider shareholdings in IFAs.Head of investment business policy David Severn told the packed London polarisation meeting the regulator was concerned that easing the rules to allow greater investment in intermediaries could create a perception that advisers were multi-ties.

Finance 4 Professionals – Buy-to-Let Tracker

Monday, 15 October 2001.Type: Buy-to-let tracker.Tracker term: Three years.Tracker rate: Bank of England base rate plus 1.15 per cent.Minimum loan: £50,000.Maximum loan: Up to 85 per cent of valuation subject to a maximum of £1m.Income multiples: Subject to negotiation.Arrangement fee: £399.Redemption fee: None.Conditions: Only available to accountants, actuaries, barristers, dentists, doctors, engineers, pharmacists, solicitors and […]

BWD Rensburg – BWD Aggressive Growth Trust

Friday, 12 October 2001.Type: Unit trust.Aim: Growth by investing in UK equities.Minimum investment: Lump sum £500, monthly £25.Investment split: 100 per cent UK equities.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5.25 per cent, annual 1.5 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 0800 7316028.

The Daley Update

New Star Asset Management is to launch its third retail Oeic on October 22. The UK Aggressive fund will be managed by Tim Steer and will invest in a portfolio of 35-40 UK equities. The fund has an initial charge of 5.25 per cent, reduced to 4.25 per cent until November 9. Annual charge is […]


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