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Jupiter urges investors to consider income funds

Jupiter is urging income-seeking savers to consider broadening investment options as interest rates are at their lowest level for almost four decades.

Despite recent poor performance in stockmarkets, income funds compare favourably to building societies for income and capital growth.

Over the last 10 years, Jupiter says an investor in its income trust would have seen their annual income rise from £51 to £128 per £1,000 of original holding. Interest on each £1,000 deposited in an average building society deposit account would have fallen from £58 in 1992 to £24 today per £1,000 original holding.

A sum of £1,000 invested 10 years ago in the fund has grown at an average rate of 16 per cent a year and is now worth £4,491.

Managing director Steve Glynn says: “Savings rates have been low for a long time and show no signs of a substantial increase in the near future. Add to this mounting uncertainty over with-profits payouts and it becomes clear that savers&#39 money will have to start working that bit harder to derive the income that savers require.”


Norwich Union tunes its theme

Norwich Union is raising its retail investment profile with the world leaders fund, an Oeic that aims for capital growth by investing globally in a portfolio of around 60 global stocks.The fund follows a similar thematic approach employed by the global theme fund, from its sister company Morley Fund Management. But unlike the Morley fund, […]

Legal & General – Protected Portfolio IV

Wednesday, April 24, 2002Type: Guaranteed equity bondAim: Growth by investing in 30 stocks from companies in the FTSE200Minimum-maximum investment: £1,000-no maximum, Isa£7,000Term: Five yearsGuarantee: Capital returned in full at end of term regardless ofperformance of underlying investmentsReturn: Capital returned in full along with up to 100 per cent of theaverage growth of the companiesClosing date: […]

New IFA sales manager for Jupiter

Jupiter has appointed Simon Hynes as nationals and networks sales manager, a role created as part of its IFA support team expansion plans. Hynes joins from Foreign & Colonial, where he was regional sales manager responsible for new business development through intermediaries in the South-east. The move follows Jupiter&#39s appointment of two broker liason executives […]

Scottish Widows goes for strategy

Wilkins says: “A reasonable concept but no track record yet. Itcould be good based on the performance of the funds in the ScottishWidows range.”

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]


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