View more on these topics

Friends adds two SRI funds to bond

Friends Provident is adding two socially responsible funds, the Ecotec and Stewardship international funds, to its lump-sum Investment Portfolio bond.

The Ecotec fund is managed by Mark Thompson and Robert Pemberton at Friends&#39 investment arm Isis Asset Management. It invests in smaller companies in the global environmental technology sector, which offer long-term growth potential.

Holdings in the fund include renewable energy, water management, fuel cells and recycling. The fund does not supply any ethical screening to holdings but invests in stocks which its managers say have a positive long-term impact on the environment.

The Stewardship International fund is described as a medium to high-risk ethical investment fund that invests in companies that pass through a rigorous ethical screening process.

Investors in the Investment Portfolio bond pay an annual management charge of 1.25 per cent a year, with no initial charge.

Standard commission is 5.25 per cent but IFAs who submit business online during the special offer period, which runs until January 31, 2003, will get an additional 0.5 per cent initial commission. IFAs can take reduced initial commission of 3.25 per cent plus 0.5 per cent renewal.


Product matters

Gartmore&#39s cautious managed fund is a good example of the type of fund that I expect to be widely used next year. The appetite for cautious funds is huge and there is a growing recognition among IFAs that ach-ieving a balance bet-ween equities and bonds is a significant part of giving best advice.Gartmore is making […]

Davies to quit

FSA chairman and chief executive Howard Davies is to quit after five years in the duo role.Davies will leave the regulator in September 2003 to take up the position of director at the London School of Economics on October 1.Davies 51, was previously deputy governor of the Bank of England and had been tipped as […]

Confusion over retrospective rules

The article, Pledge to end retrospective rules regime, seems to be diametrically opposed to the news that Mr Davies is extending the “statute of limitation” rules for endowment complainants.Perhaps he does not understand what retrospective rules regime actually means.Perhaps he is trying to appease Ms McKechnie at the Consumers&#39 Association – plenty of hits but […]

Misys support service aims to help mid-size firms grow

Misys IFA Services is introducing a new service to help medium-sized firms become bigger regional IFA businesses.The “hub proposition” aims to provide the support that firms with 10-20 RIs need to come together to build a single bigger business.Support on offer will primarily be financial and marketing although more detailed plans are to be announced […]


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