The Pension Annuity Friendly Society is to launch an equity release product that will allow elderly people who are infirm or who have bad medical histories to release more equity from their homes. Pafs hopes it will be able to offer lower rates than average, and allow consumers to borrow higher proportions of their properties' value, because its customers will have shorter life expectancies. It plans to launch the product within three months.
Type: Oeic fund of funds Aim: Income and growth in excess of UK inflation by investing globally in fixed-interest funds and equities Minimum investment: Lump sum £1,000 Investment split: 100% fixed interest funds and equity funds Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Special offer: Initial […]
Type: Enterprise investment scheme Aim: Growth by investing in a Shetland-based cod farm Minimum investment: £30,000 Opening/closing date: January 1, 2004/March 1, 2004 Charges: Initial 4% Commission: Initial 2% Tel: 0141 5641523UNIT-LINKED BONDSSKANDIAMultiBond - Skandia Distribution BondType: Unit-linked bondAim: Income and growth by investing in a range of distribution fundsMinimum investment: Lump sum £5,000Fund links: […]
As part of a GCSE course, my son brought home a video which looks at the behaviour of sharks. This reminded me of that famous phrase from Jaws: “Just when you thought it was safe to go back in the water…” I felt a similar hesitancy when I read the comments made by Ron Sandler […]
IFA business Group 300 is in the first stages of developing an aggregating wrap platform that would allow IFA clients to transfer their own assets and view portfolio values online. Group 300 chief executive Chris Batten claims that the product will not remove the need for advisers and says it would be designed to help […]
Nicolas Just, Head of Smart Beta at Seeyond, says the most important point to recognise about the Seeyond approach to investing is that it sees volatility as an asset class and, with its factor-plus products, it aims to build portfolios that will outperform an index over one year/achieve outperformance as frequently as it can.
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]