View more on these topics

Extra helping from LeggMason

LeggMason Investors is targeting individual savings account (Isa ) investors by making its extra income portfolio fund of funds available as an Isa.

The fund will consist of an actively managed portfolio of UK unit trusts and open ended investment companies (Oeics). It aims to produce a gross yield of 5 per cent each year.

The company believes that looking at sectors rather than geographical areas when selecting stocks is the way forward. Consequently, the fund of funds will have the discretion to invest in sectors that can include healthcare, financials and technology.

The fund offers more diversity than funds which specialise in one sector such as healthcare. But sectors like technology can be volatile and carry more risk. This fund is unlikely to attract retired clients who depend on a regular income from lower-risk funds like corporate bond funds. But it could have long-term appeal for high net worth clients who are willing to take a gamble in different sectors.

Three LeggMason funds — UK income, global growth and new Japan have Standard & Poor&#39s five-star rankings as at February 9, 2001.


Investec appoints analyst

Investec Asset Management is appointing Christine Johnson as a high-yield analyst on its fixed income scheme. Her work will focus on credit markets. Johnson joins from Royal and Sun Alliance Investments where she was also a high-yield analyst. Investec head of fixed income Paul Griffiths says: “Her experience in this area will bolster our credit […]

Scottish Life – Retirement Solutions – Group Money Purchase Pension

Tuesday, 13th February 2001.Type: Group money purchase pension.Minimum premium: £750 average per member a year.Minimum group size: 5.Minimum-maximum ages: 16-75.Fund links: Pensions managed, deposit, defensive managed, UK equity, UK ethical, UK mid-cap, European, American, Pacific, property, fixed interest, index linked, global managed, worldwide, security 100, security 98, unitised with-profits, Fidelity managed equity, Fidelity UK growth, […]

Ship to offshore

For many advisers, the end of the tax year heralds the opportunity to advise clients on maximising pension payments and Isa investments. More astute advisers will consider the use of inheritance tax exemptions, CGT planning and the potential for investments into venture capital trusts. This is also a time when a prudent adviser should consider […]

Abbey in post-sales servicing deal with EDS

Abbey National is forming a joint venture with Electronic Data Systems for the post-sales servicing of its retail mortgages and personal loans. The deal will create the UK&#39s largest third party administrator for lenders, servicing almost two million accounts. The joint venture will facilitate daily interest calculation and enable customers to manage their mortgages and […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm