View more on these topics

Premier Portfolio Managers has brought in the Premier c-lect

Many investors now require a flexible approach to their investment strategy, allowing it to change according to developments in their lives. Bearing this in mind, Premier Portfolio Managers has brought in the Premier c-lect, a fund of funds aimed at experienced investors and which is only available via IFAs.

The fund of funds allows the client to invest in the Premier c-lect balanced, Premier c-lect growth and Premier c-lect enterprise portfolios, which have cautious, balanced and adventurous attitudes to risk respectively.

The client can place their investment into any proportion of the three funds, to a minimum of £1,000, depending on their attitude to risk. Each IFA will therefore be able to tailor c-lect to the needs of each different client.

Many IFAs will be attracted to the renewal commission of 0.75 per cent, which is higher than the normal rate of 0.5 per cent on most other products. However this is not to be recommended to the investor with small portfolio, as the higher renewal commission will eat into this.

Premier already manages three funds of funds, according to Standard & Poor&#39s. The Premier selector income fund is ranked 7 out of 10, whilst the Premier selector growth and Premier income growth are ranked 18 and 40 respectively out of 57 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to June 26, 2000.


Affairs of the mart

A new force has hit the retail investment market this year. The principleof the fund supermarket has really hit home. Just five years ago, thethought that a significant number of IFAs and customers would be able andwilling to trade investment funds through an internet platform would havebeen the stuff of science fiction.The basis of any […]

Survey shows net will not destroy IFAs&#39 role

Face-to-face financial advice will always be in demand by some investorswho resist the lure of the internet, according to research.Even a third of those people who have bought life insurance online saythey would only use the internet to buy a life product after receivingadvice.The research was carried out by Mori Financial Services on behalf ofpublic […]

Will you still need me when you&#39ve RU64?

The Beatles sang about it and the FSA imposed it but what are the realramifications of being 64?Has regulatory update 64 achieved its aim of ensuring that no one who hastaken out a pension since spring 1999 is “materially disadvantaged” by theintroduction of stakeholder? Or has it just provided another stick withwhich the regulator can […]

Canada Life has introduced the annuity growth account

Canada Life has introduced the annuity growth account, a product which breaks new ground in the annuity market.This product differs from other annuities on the market in having a set five year term. At the end of this the customer has the chance to choose either another five year annuity or a traditional lifetime annuity. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment