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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Eight years behind bars for £2.4m carbon credit scheme fraudster
An Essex man has been jailed for eight years after mis-selling carbon credits to 130 victims in 2012 and 2013 and using the funds to purchase luxury items for himself. City of London Police took on the case from Essex Police, sentencing Sami Raja of Grays, Essex in Southwark Crown Court on Friday. Raja was […]
Insolvency Service issues warning over increasing pension scams
People need to take care to protect their pension pots from potential investment scammers and negligent trustees, the Insolvency Service has warned. In a statement today, the IS says the ban against cold-calling should not mean investors relax their views on scammers. Consumer minister Kelly Tolhurst says: “If you think you might have been a […]
Tony Wickenden: When family investment companies serve better than trusts
There are many tax-efficient benefits to holding funds in a private company whose shareholders are family members The 2018 autumn Budget confirmed the scheduled reduction of the main rate of corporation tax to 17 per cent from April 2020. Good news for corporates – although, even at its current level of 19 per cent, the […]
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