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Prudential – Dynamic Portfolios: Defensive Portfolio

Prudential – Dynamic Portfolios: Defensive Portfolio

Type: Oeic fund of funds

Aim: Income and growth by investing in a risk-graded multi-asset portfolio of investment funds

Minimum investment: Lump sum £500, monthly £50

Investment split: 55% investment grade corporate bonds, 10% government bonds, 9% overseas equities, 8% high yield bonds, 8% property, 5% UK equities, 5% cash

Isa link: Yes

Charges: Initial 5%, annual 1.4%

Commission: Initial 3%, renewal 0.5%

Tel: 0808 234 0808


Base line

Many pundits predict that the only way is up for interest rates and that we will start to see an increase during the third quarter. Some say that borrowers should consider locking in to current low interest rates before a potential sterling crisis forces the Bank of England bank rate up to defend the pound. […]

British Friendly picks IP consultant

British Friendly Society is developing a new income protection product and has hired former Pioneer Friendly Society chief executive Paul Protheroe on a consultancy basis to work on the launch. Protheroe left Pioneer in November 2004 to set up consultancy Positive Insight, which is working with British Friendly on the product;British Friendly would not comment […]

Resilient results at SJP

Lloyds-backed distributor St James’s Place made a profit of £363.2m for 2009 on a European embedded value basis after losses of £115.9m in 2008. However, under international financial reporting standards, profit before shareholder tax dropped to £49.9m last year from £80.7m in 2008. SJP, which is 60 per cent owned by Lloyds Banking Group, saw […]

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David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


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