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FundsNetwork adds seven to range

FundsNetwork is to bolster its platform offering with addition of seven funds from the income, ethical and best ideas markets.

The new funds, are being launched in two tranches over the next fortnight, and will be available for investment directly into the fund within an Isa, Pep or Sipp, while also being eligible for the recently-launched FundsNetwork international bond.

An initial tranche of four income funds have already been made available on the platform. These include the Jupiter European ran by Malcolm Millar and American managed by Sebastien Radcliffe as well as the Schroder global equity income fund managed by Sonja Schemmann and Bill Mott’s PSigma income fund have also been added.

The ethical and best ideas funds will comprise the second set of additions to the platform, with Aberdeen ethical engagement the Skandia UK and global best ideas portfolios all to be added on June 14.

FundsNetwork head of sales and marketing Rob Fisher says: “As a mutual fund-centric platform, we are committed to providing advisers and their clients with as wide a choice of investments as possible. Part of the platform advantage is to add new funds quickly and efficiently.”


Magic numbers

Good news for the protection industry for once. After a slew of bad press in recent weeks, notably on Watchdog and in Which?, critical illness insurance came up trumps in the Financial Ombudsman Service’s annual review with a drop in the number of complaints received about the product.

Skandia pension business goes on booming

Skandia UK has continued to reap the benefits of A-Day, posting a 20 per cent increase in first-quarter gross sales to £2.3bn from £1.9bn in the same period last year.


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