View more on these topics

Firms should take Skandia approach

A national newspaper had an article on August 20 saying that the Financial Services Authority had said that at least Equitable Life had good investment portfolio. That&#39s all right, then.

Let us hope that the good investments did not include such blue-chips as Marks & Spencer and ICI which have gone down against the All Share in the last few years.

With-profits funds have have been managed extremely badly, not only by Equitable Life. Actuaries seem to have no idea of the principle of smoothing and several companies have said that the last two years have had unprecedentedly bad returns.

This is absolute rubbish and if they look back a few years they will find there is nothing unprecedented recently at all.

The whole point of with-profits is to put sums aside in the good years to make up in the lean and, of course, there has been far too much reliance in recent years on the terminal bonus which proved to be transitory at worst.

I think Skandia have a better idea with their guaranteed fund which pays bonuses as it goes along and has no terminal bonus. I wish others would do the same.

BGW Jamieson

Jamieson Financial Management,

Bognor Regis,

West Sussex


Rothschild kicks off retail push with high-yield fund

Rothschild Asset Management is introducing a high-yield bond fund next month as the first step of its relaunch into the retail market. The Five Arrows monthly-income fund will be part of Rothschild&#39s new retail Oeic, which will encompass its seven other offerings to the retail market. It opens on October 1. The fund will aim […]

Medical matters

The last 12 months have seen a number of new and important players entering the protection market. At the same time, issues such as genetic testing and prostate cancer screening have topped the news agenda. I would like to draw your attention to these emerging issues and their potential impact on the protection market. Genetic […]

UCB Home Loans – Buy2Let 5 Year Fixed

Thursday, 6 September 2001.Fixed term: Five years.Fixed rate: 6.89 per cent.Minimum loan: £25,001.Maximum loan: Up to 80 per cent of valuation subject to a maximum of £400,000.Income multiples: 3.25 times principal income plus second plus 6.5 times annual rental income or 2.75 times joint plus 6.5 times annual rental income.Arrangement fee: £495.Redemption fee: Six months&#39 […]

Product matters

America remains the key market. If America falls further, everywhere else is bound to follow. Many investors are still light in American shares, despite the market holding up remarkably well compared with most other world markets. GAM is in the process of launching a Star American Focus fund under the stewardship of James Abate, formerly […]


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