View more on these topics

FundsNetwork adds investment trusts to platform

Tablet-Technology-Computer-Business-700x450.jpg

FundsNetwork has added a select number of investment trusts and broadened its range of ETPs available on platform.

From early December the platform will make the most popular investment trusts and exchange traded products available to advisers.

Among the investment trusts available will be those from Aberdeen, Baillie Gifford, Invesco Perpetual, and JP Morgan Asset Management. The platform has also made available ETPs from ETF Securities, HSBC, iShares and Vanguard.

FundNetwork head Pat Shea says: “We have seen demand for investment trusts as well as ETPs grow steadily since the implementation of RDR.

“Our plan to launch a range of investment trusts and broaden the number of ETPs on FundsNetwork later this year sees us responding to this demand and demonstrates our clear intention to support the evolving needs of advisory firms and their clients.

Association of Investment Companies chief executive Ian Sayers adds: “We have seen demand grow from both private investors and advisers who are looking to benefit from investment companies’ strong long-term performance, unrivalled income track record and suitability for alternative, illiquid assets.”

Investors using the new service will pay the standard service charge of 0.25 per cent, an annual investor fee for new purchases of £45 and a 0.10 per cent dealing charge.

FundsNetwork will also add a full brokerage service for advisers next year, as part of its development of the platform.

Recommended

Clock money 620 x 430
5

FCA warned on ‘ambitious’ advice review timetable

The FCA’s practitioner panel has warned the regulator not to rush implementation of reforms following the conclusion of the Financial Advice Market Review. The review, which was unveiled in August and is being carried out in conjunction with the Treasury, will examine how advice could work better for consumers. In particular it will focus on […]

Older-Couple-Elderly-Pension-Pensioner-700.jpg

Mortgage lenders split over drawdown treatment

Lenders are split on how they treat annuities and income drawdown when assessing retirement income. Last week Money Marketing’s sister title, Mortgage Strategy, reported on concerns that the pension freedoms could make it even more difficult for older borrowers to qualify for a mortgage into retirement. This is because most lenders only take annuities into […]

The fifteen-year itch

By Neil Jones Technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The treatment of non-UK domiciles that are resident in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment