Edinburgh Fund Managers aims to spread investment risk with the global growth portfolio. Global growth is a unit trust that has been targeted at experienced investors looking for a balanced risk investment. The unit trust will aim to provide long term growth. The fund will invest in a spread of 20 unit trusts and open-ended investment companies, divided into three areas of investment. First there is the global thematic sector, which will include funds such as Aberdeen global champions, Framlington new leaders and Sarasin Equisar. Second is the specialist sector, which will include funds such as SocGen technology, Edinburgh financial and Fidelity consumer industries. The third area is the country/geographical sector, which will include funds such as Deutsche UK blue chip, Gartmore European selected opportunities and Putnam growth and income (US value). This is Edinburgh’s first global fund of funds, although it does have two other global funds. According to Standard & Poor’s the Edinburgh global equity fund is ranked 66 out of 128 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to January 22, 2001.
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LibDem leader accuses FSA over debacles
Liberal Democrat leader Charles Kennedy has acc used the FSA of failing to act appropriately over the Axa orphan assets case and the Equitable Life debacle. In a speech to the Financial Markets Associationon Tuesday, Kennedy slammed the FSA's performance in both instances and called upon the Government to force the regulator to take more […]
Pricing the market
Nick Bamford, managing director at IFA firm Informed Choice says: “Because the margins involved with stakeholder pensions are very tight, the efficiency of administration will be very important in choosing between companies. “Online adminstration will be the future. Small IFA firms, such as ours, because of tighter margins will have to give added value in […]
Equitable takeover deal may be in sight
IFAs predict a speedy res olution of the Equitable Life debacle after it was revealed that up to hundreds of FSA staff are burdened with pension top-up sch emes with the life office. The news comes as Aegon, GE Capital and AMP are understood to be lining up bids for the life office. While GE […]
Britannic take clarity to with profits annuity
Britannic Retirement Solutions is aiming to bring transparency to the with profits market with the introduction of the Britannic with-profits pension annuity. The annuity will invest in the Britannic Assurance pension with profits fund and will be the 13th investment-linked annuity on the market. This product differs from other with-profits annuities in that investors will […]
Flexible reversionary trusts and estate planning
The suitability of different estate planning solutions will depend on the individual’s own circumstances, needs and objectives. When considering the different solutions available there is a trade-off between inheritance tax (IHT) efficiency and access. Overall a flexible reversionary trust provides a greater level of flexibility than a discounted gift trust and can offer individuals a […]
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Almary Green eyes merger with Norwich IFA
Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
Lions, bees, bulls and bears: The Wells Street Journal
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
FCA eyes 40 firms in adviser recruitment and training probe
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]