MLC, which is part of the National Australia Bank Group, believes it is important to have exposure to global property for diversification pur- poses and chose La Salle for its experience, research and track record.La Salle will be responsible for weightings of 4-8 per cent across the MLC conservative portfolio, balanced portfolio, cautious balanced portfolio, growth portfolio and diver- sified share portfolio. The funds will invest indirectly in property through lis-ted property vehicles such as real estate investment trusts. MLC believes this offers greater scope for diversification than direct investment which can be difficult and may be subject to an array of regulatory and tax implications. MLC chief investment off- icer Michael Clancy says: “La Salle is a huge firm which plays in all parts of the mar- ket. It has been investing in property for years. The listed property market is just evolving. It is advanced in the US, Australia and Holland. “In the UK, property trusts with tax advantages are just being created. We are pro- viding access to this, tak- ing advantage of mispricing opportunities as investors start to get used to valuing the asset class.”
Skandia has launched an asset allocation wheel to help demonstrate asset allocation to their clients.The wheel is a handheld tool designed to complement Skandia’s online risk profiling tool, USelect. By turning the wheel to the required risk and time horizon profile the adviser can demonstrate the ideal asset allocation mix.
Life insurance generally, and business insurance in particular, is vastly underadvised, undersold and under- bought (is that a word?). Surprised? I thought not.
Bridgewater Equity Release is launching a flexible reversion plan that enables homeowners to phase the income they draw from their property. Homeowners can take from 25 per cent upwards initially and draw the balance as required up to100 per cent, so gaining from any house prise inflation. Alternatively Bridgewater will take a fixed percentage of […]
A monogamous relationship with a specialist mandate can force managers to bypass pot- entially lucrative opportunities.
Fiona Tait – Pensions Specialist, Royal London The DGS is more than just a pretty website, it can help you to target those clients who are most likely to be affected by the proposed cut in the Money Purchase Annual Allowance MPAA). Clients who have triggered the MPAA When it was launched Royal London automatically uploaded […]
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]