View more on these topics

IFAs are key, says Duffield

New Star chief executive John Duffield pledged his allegiance to the IFA

community last week, saying IFAs would be at the heart of New Star&#39s

retail efforts.

Speaking at the official launch at the London Planetarium, Duffield said

he was pleased to be back in the retail fund management market.

He said: “The IFA industry is criticised from time to time but I think

IFAs are at the cutting edge of the investment industry. The IFAs are the

key people in the industry and I think you are doing a key job. We are

trying to produce the best products we can to support you. I really did try

at Jupiter to be IFA-friendly and that applies with knobs on at New Star.”

New Star&#39s first retail funds – UK growth, managed by chief investment

officer Alan Miller, and European growth, managed by Richard Pease – are

set for launch on July 2.

Both funds&#39 initial charge is 5.25 per cent, discounted to 4.25 per cent

until July 20. A discount of 2.25 per cent is offered on all Pep and Isa

transfers through IFAs. The annual charges are 1.5 per cent. Commission is

3 per cent initial and 0.5 per cent trail.

Recommended

More concerns on with-profits

Having read numerous articles about the pros and cons of traditionalwith-profits funds with their attaching guarantees, we have come across twocases where the attaching guarantees and the very nature of the contractshave put our clients at a potential and significant material disadvantage. In both cases, each client was a member of an executive pension plan. […]

Principality Building Society – Cashback Discount Option 3

Thursday, 7 June 2001.Discounted term: Until August 31, 2006.Discount: 0.25 per cent.Payable rate: 6.2 per cent.Minimum loan: £5,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum. Remortgages up to 90 per cent of valuation subject to no maximum.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: None.Redemption […]

New IFA firm to focus on wealthy clients

Corporate Planning Group, an IFA targeting wealthy people and business owners, launches this week. Set up with £2.8m of private capital, the company intends to offer a complete financial planning service by combining 10 companies under the Corporate Planning Group brand. The 10 firms are an IFA, a venture capitalist, a business consultancy, a Guernsey-based […]

Bank of England keeps rate on hold

The Bank of England&#39s monetary policy committee has voted to keep its base rate at 5.25 per cent.The decision to maintain the base rate level was widely expected by economists, as cutting rates the day before the general election could open the MPC to charges of partiality.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com