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Growth fund Chases choosy investors

Looking at the product literature, the panel agree that it could be better. Flowers says: “It is short on practical information although good on philosophy.” Both says: “It is quite good, although key features would still be needed for the main important details.”

French thinks it is unsuitable for the lay person as he feels they would not understand the terminology used.

Summing up, Flowers says: “I am puzzled as to why Chase Fleming sees this as a marketing opportunity. One fund with a combined value and growth strategy would possibly have had more appeal. This fund is too expensive for the UK market anyway.”


Close Plays FTSE

Bloom and MacFarlane think the charges are fair and reasonable, but Parvaneh thinks they are expensive for a tracker fund. Dilke-Wing also thinks the charges are pretty steep for an index fund.The panel agree that commission is fair and reasonable, but Parvaneh points out that this is reflected in the high initial charge.The panel is […]

Skandia in call for changes to disclosure rules

Skandia is calling for changes to the disclosure regime to ensure consumers know they could be better off saving into commission-based pensions instead of paying for advice via fees. The life office says its latest calculations reveal the difference in pension funds generated by consumers paying fees or commission. One calculation was based on contributions […]

Equitable demise has put focus on with-profits sales

Norwich Union sales and marketing director Peter Hales“Looking back over 2000, one of the most significant issues had been the closure of Equitable to new business and the issues spinning off from it, particularly with-profits business. “As a result, the industry is going to have to spend a lot more time on presenting with-profits with […]

L&G moves into corporate bonds

Legal & General is targeting its high income trust at investors looking to move into corporate bonds. This unit trust is also available as an individual savings account (Isa) and has a yield of 8 per cent a year. Investments made into the high income Isa have no initial charge or withdrawal fee, which are […]


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