Rensburg Fund Management
UK Managers Focus Trust
Type: Unit trust
Aim: Growth by investing in a concentrated portfolio of UK equities
Minimum investment: Lump sum £500, monthly £25
Investment split: 100% in UK equities
Isa link: Yes
Pep transfers: Yes
Charges: Initial 5.25%, annual 1.5%
Special offer: Initial charge reduced to 3.25%
Offer period: Until September 30, 2006
Commission: Initial 3%, renewal 0.5%
Tel: 0845 609 0900
With the Pensions White Paper consultation finally drawing to a close this week it has been very difficult to get many pensions stalwarts to talk about anything else.
HM Revenue and Customs has ruled out the possibility of transferring tax-free cash from a pension scheme into an unsecured pension with a different provider. The industry had requested clarification on whether unvested pension funds can be transferred from one scheme to a new scheme offered by another provider, with the intention of going into […]
The Exchange has confirmed that Pioneer Friendly Society will be using the Exweb portal service as its first online e-commerce partner. Exweb’s 23,500 users will now be able to perform client specific comparisons for the provider’s income protection products.Pioneer’s ‘Pure Protection’ IP policy includes day 1 cover, no loading for occupation or gender, no penalties […]
Old Mutual released the first set of results since its acquisition of Skandia which saw sales of life and pension products more than double to £732m on an annual premium equivalent basis.The acquisition of Skandia by Old Mutual was completed in February 2006 and this boosted the provider’s operating profit by 39 per cent from […]
By Chris Taylor, Investment Director, Head of Research Neptune is excited to announce the launch of the Japan Institutional Fund on 22 June, having disclosed to the market in March its intention to offer the product. The Fund will be managed by the highly-regarded Chris Taylor, Head of Research and manager of the long-running Japan Opportunities Fund. It will invest in the same underlying stocks as the Japan […]
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Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
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