View more on these topics

Lombard goes through investment phase

Lombard International Assurance has introduced the phased investment programme, an offshore bond that is designed to reassure investors who are concerned about stockmarket volatility.

Economic uncertainty has meant some have been tempted to stay away from the stockmarket and may be losing out at a time when share prices are low.

This bond aims to remedy that problem but only for high-net worth clients as investors must have at least £100,000 to invest. Investors must set up a private client portfolio with Lombard International Assurance before they can invest in the bond.

Once a private client portfolio is established, the capital is invested in the Amvescap Aim cash fund. The interest investors will get from this will be 0.5 per cent below the London InterBank Offered Rate (LIBOR).

The capital is then drip-fed into one or more of Lombard&#39s multi-manager portfolio funds, which invest in bonds and equities, paying in at least £10,000 a month. Investors can stop the phasing process at any time.

The drip feeding is similar to pound cost averaging, where investors make regular contributions instead of a lump sum investment to limit the potential pitfalls of investing at the wrong time.

However, the minimum amount of £10.000 a month is high and could put some investors off this product. The high-net-worth client base it is aiming for is likely to have their own arrangements with stockbrokers and IFAs who could also offer a similar phased investment service and they may not see the point of the Lombard bond.


A-Z for Zifa as it maps out new path

Having revamped the old Allied Dunbar tied network, Zurich&#39s IFA arm under new boss Jim Reeve will be drawing on the tied side to boost its IFA offering. Reeve took over as managing director at Zifa in August following the retirement of Jerry Grayburn. Reeve was marketing director at Zifa and has been with the […]

FSA guide aids IFAs on FSAVC review

The FSA is issuing a fifth bulletin giving IFA firms guidance on the requirements of the FSAVC review. The latest guidance follows the publication of procedures and standards to be used by firms when conducting the review in May. The review is a focused exercise similar to that used for phase two of the pension […]

A new chemistry for pension funds?

Every now and then, a decision is taken that well and truly sets the cat among the pigeons. The move by Boots – taken last year although only disclosed in recent weeks – to shift its entire pension fund into AAA-rated bonds is one such decision. The trustees of the £2.3bn scheme did not decide […]

Killik claims fund supermarts are pricier than private client brokers

Private client stockbroker Killik & Co claims fund supermarkets are poor value for investors. In a comparison of charging structures, Killik says buying funds through either Fidel-ity&#39s FundsNetwork or Cofunds is more expensive than using a private client stockbroker. Killik collectives analyst Mick Gilligan cites the ABN Amro UK select opportunities fund as an example. […]

Global equities: time to de-risk?

While equity valuations have doubled since the financial crisis, Simon Edelsten explains that there are still pockets of value. But not where you might think Macro-economic uncertainty is causing turbulence in equity markets. Artemis Global Select Fund manager Simon Edelsten says his investment themes are taking him in a different direction to some of his peers – away […]


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