View more on these topics

Framlington discount deal as stars join funds

Star fund managers George Luckraft and Nigel Thomas join Framlington this week with their new employer offering discounted Pep and Isa transfers into their funds.

The managers were given permission in July by former employer ABN Amro to join Framlington months before their contracts expired.

Thomas will run the UK select opportunities fund – previously the capital trust – and Luckraft will run the equity income and high-income funds, previously the extra income fund and UK bond fund respectively.

Framlington is offering a 2 per cent discount off the funds&#39 5 per cent initial charge until December 31 on transfers and lump-sum Isa or unit trust investments get a 1 per cent discount.

Luckraft will also manage the monthly income fund, which last week merged with Framlington&#39s quarterly income fund.

IFAs are anxious to see how the managers perform as the funds they are taking over have performed inconsistently. IFAs believe that Luckraft&#39s investment style is less suited to poor markets.

Chief executive Mike Vogel says: “Our ambition is to establish our reputation as a leading provider of UK equity funds. There could be no better way to do this than by recruiting such talented investment managers and then giving them the autonomy to run funds in their unique and proven style.”

RJ Temple marketing director Ian Millward says: “Luckraft will have his work cut out with his riskier style while Thomas has a challenge but is an excellent stockpicker. Investors should give them around two months to get rid of the nasties in the funds.”


Early Retirement Hopes Fade

The number of people who expect to be able to take early retirement is falling according to research by Virgin Money.Only 27 per cent of the 600 people surveyed believed they would be able to retire before the age of 60, compared to 37 per cent two years ago.Although a steady proportion of approximately 50 […]

Plimsoll aid to buying or selling firms

A new website aimed at IFAs looking to make acquisitions or sell their firms has been set up at by Plimsoll Publishing.Plimsoll, which researches the performance of the IFA sector, says there are many firms on the acquisition trail.It believes the site will help owners of IFA firms gain a better understanding of what […]

Standard says relax cap if compulsion comes in

Standard Life claims that introducing compulsion on stakeholder at 4 per cent of earnings would make it impossible to show a profit unless the 1 per cent price cap is relaxed.Standard says compulsion at 4 per cent would draw a deluge of low-paid workers into stakeholder schemes and would almost halve average annual contributions.It estimates […]

Just 3% of life and pensions sold online

Less than 3 per cent of life and pension transactions are conducted online, even though providers are predicting rapid take-up of online services by IFAs.Research from Focus Solutions, covering 60 per cent of the life and pension sector, shows that online transactions now account for only 2.8 per cent of business, yet providers&#39 targets across […]


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