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The problem for most IFAs handling clients&#39 investments is that it is difficult to maintain above-average performance. It is also time-consuming and tax-inefficient to buy and sell unit trusts as capital gains tax liabilities may arise.

I believe Premier Asset Management has the answer for most medium-sized investors with its c-lect portfolios, all of which have outperformed their sector averages since they were launched five years ago.

There are three portfolios investing in a variety of unit trusts and investment trusts – an income portfolio, which includes such good trusts as Aberdeen fixed interest, Newton income and Henderson preference & bond; a growth portfolio, which includes top performers such as Thornhill capital, ABN Amro UK growth and Gartmore European select opportunities; and an enterprise fund, which is more volatile but has risen in value by over 115 per cent since it was launched about five years ago and is second in its sector.

The portfolios have several major advantages, including six-monthly user-friendly valuations. Monthly cash withdrawals can be made direct to a bank or building society account and, as withdrawals are made by encashing units, they are treated as capital gains and not income. There is also free life cover, which protects the initial investment from market falls in the event of the fundholder dying at a time when the market has had a sharp fall.

Commission is exceptionally generous – the trail commission, especially so, in that Premier pays about 50 per cent more than most other fund managers.

I believe that every IFA, who does not employ an investment specialist, should look at these portfolios for its clients who have £20,000 or more to invest.


Societies grab a bigger share as loans stabilise

A slight fall in the level of mortgage lending during August suggests the market is stabilising, according to the Council of Mortgage Lenders.The CML says lending dipped to £10.7bn from £10.8bn in the same month last year.Figures from the Building Societies Association show societies are taking a greater share of lending, with gross advances up […]

Main takes up Widows post

Scottish Widows Investment Partnership has announced that Bill Main has taken up the role of Chief Executive Officer. The new CEO will be handling the corporate side of the business, developing and managing the recently merged company. He was previously Deputy Chief Executive of Scottish Widows Investment Partnership. Bill Main will be working alongside Sandy […]

Chase Fleming invests in European expansion

Chase Fleming Asset Management is bringing in the new European convergence fund.Aimed at investors who want to get some exposure to Europe, the fund will invest in countries that are close to joining the European Union and which are preparing their economies to be compatible with joining the Euro.These will initially include Poland, the Czech […]

Chase Fleming opts for dollar income

Chase Fleming Asset Management, formed in August 2000 by the takeover of Robert Flemings holdings by Chase Manhattan, has introduced the US dollar bond fund.A Luxemburg-domiciled SICAV, the fund is aimed at investors who want to get the most out of returns from the US economy in the form of income.It will invest in a […]


Out from the long grass? An IT and NI merger

Those with a long memory will recall that at the start of the last parliamentary term George Osborne announced his intention to merge income tax (IT) and national insurance (NI).  Headline grabbing as the initiative was, the reality of the complexities, challenges and costs of such a move resulted in this idea being kicked into the political long grass.


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