View more on these topics

Eurolife in pledge to improve IFA service

Eurolife Fund Managers has pledged to improve IFA service levels – which it admits have been poor in the past 18 months – as it launches two new products.

The provider is offering two lump-sum investment products it hopes will boost sales after a comprehensive review of its business found that service had slipped to a “less than brilliant” standard.

The products have been developed with IFAs as part of EFM&#39s aim to improve its service and offer a range of investments which are straightforward to sell.

The income secure plan is a five-year and two-month investment with the choice of fixed annual income of 8 per cent or monthly income of 0.62 per cent. It is linked to the FTSE 100 and S&P 500 stockmarket indices.

The investment plus plan is a five-year and two-month investment linked to the FTSE 100, S&P 500 and Nikkei 225 indices and offers a fixed annual income of 10 per cent or a monthly income of 0.8 per cent. Commission for both funds is 3 per cent.

Director Graham Devile says: “We are reviewing all our procedures to ensure that, in future, we once again have a reputation for first-class service.”

Recommended

Eurolife – The Income Secure Plan

Thursday, March 14, 2002Type: Guaranteed equity bondAim: Income linked to the performance of the FTSE 100 and S&P 500 indicesMinimum investment: Lump sum £5,000Place of registration: GuernseyInvestment split: 100% linked to the performance of the FTSE 100 and S&P 500 indicesGuarantee: Capital returned in full at end of term provided the indices do not fall […]

NDF launches two structured products

NDF has launched two new structured products offering a degree of capital protection on investors&#39 capital.The NDF Recovery Growth Plan 2 is a five-year product linked to the returns of the FTSE100 index. Investors get 100 per cent of their capital back unless the index falls by more than 50 per cent over the lifetime […]

RBS gives GIGA another outing

Royal Bank of Scotland has introduced a third issue of the guaranteed income and growth account (GIGA), which combines a high-interest account and a guaranteed equity bond. Investors with a lump sum of at least £5,000 must divide their investment equally between the two elements. The high interest account produces monthly income of 6 per […]

New splits row as BFS shareholders reject rescue plan

The split-cap sector was thrown into further turmoil this week as BFS Investment&#39s geared income trust failed to implement a proposed rescue package after breached its banking covenant.The fund, which invests almost entirely in other splits and is one of the most highly geared funds on the market, is owned by many other split trusts.The […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

Read more 


Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment