View more on these topics

Property fund seeks IFA sales

London & Capital is listing its property fund to make it eligible for Sipp and Ssas investment.

It says this is the first in a series of moves designed to increase London & Capital&#39s UK onshore business significantly through IFAs and other intermediaries. The fund has seen a return of 14.75 per cent since its launch in July last year.

L&C&#39s property division has been investing for several years in direct purchases for private clients and now manages around £160m in property assets.

Managing director Daniel Freedman says the fund complements the group&#39s direct investments, offering flexibility to clients in view of recent interest rises and some property sectors starting to recover.

Freedman says: “We have built up a strong track record in property investment and this fund opens up that expertise to a wider investing audience at a time when property has very much established its importance as an asset class for private clients and institutions.”

Recommended

Horror stories of NU&#39s service

I would like to appeal to all my colleagues in this industry to send me their horror stories regarding Norwich Union&#39s administration systems or, rather, lack of administration systems. For over a year, I have refused to place any business with this once respected company because of its failure to sort out numerous problems which […]

Goodfellows – Safetyfirst

Type: Accident, sickness and unemployment insurance Maximum benefit: £1,000 a month or 50% of gross monthly income Benefit payment term: 12 months Deferred period: 30 days Premium: £3.50 per £100 for unemployment cover, £3.50 per £100 for incapacity cover, £5.50 per £100 for unemployment and incapacity cover Commission: Initial 20% Tel: 0870 2403946

Angela Eagle

Turning up late to interview Labour MP Angela Eagle is not a good start. Blaming public transport and “severe weather warnings” is also inadvisable when you realise that she has worked with the Deputy Prime Minister&#39s team at the Department of Transport on “getting London moving”. But despite a somewhat frosty beginning, Eagle cuts to […]

New Star&#39s sluggish retail sales spark fears for Isas

New Star, one of the industry&#39s most high-profile groups, is reporting sluggish retail sales for the year so far, fuelling fears that the Isa season could be another damp squib. The firm, which accounts for 8 per cent of net retail fund sales, says its overall fund flows are buoyant but admits that sales through […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment