View more on these topics

Guardian slashes unit trust initial charges

Guardian Unit Managers has slashed the initial charges on ten of its unit trusts by 2.5 per cent to prepare for the launch of its Isa.

The Guardhill, Balanced, European, Extra Income, Gilt & Fixed Income, Growth Equity, Income, International, Japan, North American and Pacific unit trusts, all of which had an initial charge of 6 per cent, will now charge 3.5 per cent.

GUM has also added a new unit trust, the Cash Deposit Trust, bringing the number of trusts available under the Isa to eight.

This trust, which will have no initial charge, has been specially set up to form the cash part of an Isa.

Guardian unit managers Nigel Wright says: &#34The price cuts and the new Cash Deposit Trust will enhance a portfolio already containing some notable performers.

&#34As we prepare ourselves for the launch of Isas, we can offer a portfolio which is competitive in terms of charges and past performance.&#34

IFA commission is 3 per cent on all funds with the exception of the UK 100 Index Tracking Trust and the Cash Deposit Trust.


BAM promotes Ghiloni

Britannia Asset Management has promoted Francis Ghiloni to overall head of business development from his previous role covering collective investments.Steve Kenny, who was previously business development manager, becomes head of retail sales. Fiona Ross, who was also a business development manager, becomes Head of Segregated Funds.Micheala Gill, who has previously worked for Foreign & Colonial […]

L&G wins internet marketing award

Legal & General have won a top award for internet marketing beating companies such as British Airways, Tesco and IBM to the top spot.The award from Revolution magazine is given to the company that makes best use of overall use of the internet in its marketing.The judges for the award said: &#34L&G sought not only […]

Sofa stands alone in bid to run new trade body

The Society of Financial Advisers is poised to run a new IFA trade body because it is the only organisation prepared to do so.Sofa has tendered to provide services to the new body, which is spearheaded by the Large Intermediaries Group and the Large Networks Association and designed by Association of British Insurers director general […]

Zurich says it is on course for 15 per cent earnings growth

Zurich Financial Services says that it expects to report strong underlying earnings growth for 1998.It says that net earnings are well in excess of target growth of 15 per cent.It also says that the merger plan between Zurich Insurance and BAT&#39s financial services business is progressing very well in terms of increased efficiency and developing […]


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