View more on these topics

NU removes fetters from funds

Norwich Union has changed investment style on its funds of funds to allow acc-ess to an unrestricted range of unit trusts.

The life insurer has moved from a fettered investment style to unfettered, which means that managers can pick investments from across the board.

Fund of funds managers at NU could previously only invest in a selection of around 80 funds available through the Portfolio investment bond.

NU offers three funds of funds through Portfolio – the balanced fund of funds, cautious fund of funds and growth fund of funds.

These are managed on a daily basis by Investment Manager Selection, a firm that selects and monitors underlying investments.

NU believes that removing the fettered constraints and giving IMS greater investment freedom will increase the risk profile of the funds.

Head of investment product development Neil Davies says: “Fund of funds are a core part of the NU range of investments and this enhanced proposition is now available through onshore and offshore bonds and some pension products.

“By investing in a wide range of different funds, the funds of funds can achieve greater diversification. This can help reduce risk while producing consistent performance.”

Recommended

Scottish Widows Bank reduces home equity loan interest rates

Scottish Widows Bank, the telephone based mortgage and deposits bank has reduced the interest rate on its Home Equity Loan from 7.29 per cent to 6.89 per cent from October 1. The home equity loan allows home owners over 60 to release capital tied up in their home. This is a fixed rate for the […]

1

Standard Life suspends its mortgage endowment promise

Standard Life has decided to suspend its mortgage endowment promise due to poor investment conditions over the past four years. The promise required Standard Life’ capital to increase from levels in 2000, measured by reference to its free assets at the time the promise was made. It now does not expect the necessary growth to […]

Axa blames modest recovery as terminal bonuses are cut

Axa has cut terminal bonuses by over 5 per cent on its Axa Sun Life and Sun Life Assurance Society with-profits funds. The cuts affect policies maturing from October 2004 and follow reductions in annual bonuses announced in March, when Axa Sun Life unitised bond returns were cut by 9.3 per cent, personal pensions by […]

&#39Lift barriers to schemes&#39

The Government must change the design of employer-sponsored defined-contribution schemes if it is to achieve its ambition to improve the 40/60 private/state benefit dependency ratio to 60/40 by 2050, warns a report by the Pensions Institute at Cass Business School. It says means-testing discourages advisers from promoting membership to lower earners while negligible profit margins […]

India budget and the liquidity supercycle

Kunal Desai, manager of the Neptune India Fund, comments on how India’s 2017 budget will impact the Indian economy and equity market. Read article here: Important Information – for Investment Professionals only. Not for Retail Clients.Investment risksThe Neptune India Fund may have a high volatility rating and past performance is not a guide to future […]

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