View more on these topics

Gullwing swoops on property

The Gullwing exempt property unit trust is a unit trust that invests in a portfolio of commercial properties within the retail and leisure sectors.

The fund invests in those areas because Gullwing believes the returns are likely to be higher over the next five years than the returns from the office sector, which has suffered due to falling demands in the South-east.

Investments will be made in properties let to companies such as fashion retailers Dorothy Perkins and Etam on long-term leases. The properties let to the main tenants Woolworths and First Leisure will have 25-year leases with 23 years left to run.

The investment criteria for property selection includes asset value of at least £1m, a minimum of 12 years to run on the lease and upwards-only rent reviews. Such properties will typically yield about 7 per cent gross a year, with above average rent growth.

With a minimum investment of £50,000, this fund could suit the Sipp and SSAS markets. It may also appeal to high-net-worth offshore investors at a time when equities are volatile and bond yields are low. However, it is not as easy for investors to get in and out of property investments as it is with equities and bonds. Also, if the fund has difficulties finding suitable properties, the returns will be lower.


&#3980% of IFAs dancing with the debt devil&#39

Almost 80 per cent of IFA firms are “dancing with the devil” by financing their business through debt, according to the latest research from Plimsoll Publishing.Plimsoll&#39s Portfolio Analysis 2003 found that 63 of the 1,000 IFAs questioned for its survey – 6 per cent – are in danger of becoming bankrupt by carrying dangerously high […]

Lifeboat in Domain link-up

Lifeboat Financial Group is linking up in a partnership with mortgage network Domain Financial. The exclusive deal will enable Domain to offer mortgage expertise to Lifeboat advisers while Lifeboat will offer protection expertise to Domain intermediaries. Domain and Lifeboat aim to expand rapidly to become one of the major players in the market within the […]

The Government&#39s pension paradox

It has finally happened. A client of ours has declined to increase his presently modest pension contributions for the explicit and simple reason that he does not want to be bound to having to spend three-quarters of his fund at retirement on buying an annuity.This may come as no great surprise to those of in […]

Jupiter boss backing fund manager after below-par performance

Jupiter chief executive Edward Bonham Carter says he is backing all his fund managers after UK growth manager Justin Seager came under fire from IFAs for poor performance.Speculation had been mounting over how long Seager would remain with the group following his failure to maintain the performance of the £463m fund, previously managed successfully by […]

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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