View more on these topics

FI&S releasingnew issue of Isis shares via IFAs

Friends Ivory & Sime is releasing a new issue of shares in its Isis investment trust exclusively through IFAs.

The new issue comes just a few weeks after shareholders voted overwhelmingly to continue the trust for another seven years as it approaches its original wind-up date of October 31.

Although the trust pays no dividends, investors can take a fixed annual income of upto 10 per cent through the sale of shares.

FI&S is encouraging share- holders to exploit their capital gains tax allowance, which allows tax-free gains of up to £7,200 a year.

Minimum investment in the trust is £5,000. There are no initial or exit charges. Commission is 3 per cent initial and 0.5 per cent trail.

FI&S marketing director John Yule says: “There are no institutional investors in the Isis trust – this is a purely retail product which we have tailored for the IFA.

“IFAs are our most imp-ortant distribution channel and we want to continue to build on that.”

David Aaron Partnership investment adviser Jason Bevan says: “It is always good for people to use their capital gains tax allowance but this is probably for the more medium-risk investor than the older person.”

Recommended

Safe and securitised

The smaller mortgage market players are pooling their resources and gaining ground in securitisation.Securitisation is now firmly established as a mainstream funding technique in the UK mortgage market but it demands high levels of admin expertise.It is taking off in the UK as more and more lenders respond to competitive pressure from new entrants.But to […]

L&G offers stakeholder packs to aid advisers

Legal & General has created two stakeholder inform-ation packs to help financial advisers in discussions with employers.The packs are the first stage of a major L&G marketing drive in the run-up to the launch of stakeholder in April 2001.L&G says it is responding to IFA demand for material which keeps them up to date with […]

Surviving Stakeholder

For many IFAs, giving good advice about long-term savings and investments has meant striking a balance between security in old age and liquidity of savings before and after retirement. In taxation terms, this has involved optimising the use of personal pensions on the one hand and Peps/Isas on the other.Once the early years&#39 struggle to […]

Independent View

Continuous reruns of the polarisation debate hardly help toanish the public&#39s mistrust of the financial services industry, especially as there is no need to change the present system.It appears unfashionable to describe yourself as selling life insurance. After nearly 40 years in the business, I am proud to have seen the pro-ceeds of life insurance […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com