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F&C plans to merge funds

F&C is to merge its range of open-ended onshore funds, with 53 funds being converted into 47, subject to fundholder approval. F&C intends to register the entire range of Oeics under Ucits 3, enabling the funds to be marketed across Europe.

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NU funds to pay 5 per cent commission

Norwich Union is to offer IFAs 5 per cent flat initial commission for all single-premium investments in four funds. NU will offer the commission for investments in the Norwich active protector fund, Norwich UK ethical fund, Norwich distribution fund, and Norwich managed high-income fund. The offer will apply to Oeic, Isa and Isa transfer business […]

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