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Retail investors pay £125m a year in unnecessary management fees says L & G

UK retail investors are wasting up to £125 m a year by investing in &#39closet trackers&#39 says Legal & General.

It says the initial and annual management fees of these funds result in under performance when compared with well-managed Index funds.


Pack attack

Seller&#39s packs will be with us either in early 2005 or 2006. That is the commitment from the Government that was outlined in the Queen&#39s Speech documents and which will be proved when the revised Homes Bill is reintroduced to Parliament in the next few weeks.After all the years of will they, won&#39t they, we […]

National Savings goes for growth

National Savings and Investments has introduced the fourth issue of its guaranteed equity bond. The bond is linked to the FTSE 100 index for a five-year term and offers 100 per cent capital protection, whatever happens to the index during that period. If the index increases by up to 60 per cent, investors get all […]

New Star distributes income

NEW STAR INVESTMENT FUNDS MANAGED DISTRIBUTION FUND Type: Oeic Aim: Income by investing in bonds and equities Minimum investment: Lump sum £1,000, monthly £100 Investment split: Bonds 65%, equities 35% Isa link: Yes Pep transfers: Yes Yield: 5% net a year Charges: Initial 5%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 0845 6088702 The […]

Selestia and Hornbuckle Mitchell play happy families

Selestia has entered the self-invested personal pension (Sipp) market in a joint initiative with Sipp provider and administrator Hornbuckle Mitchell. The product is a full Sipp that provides access to Selestia&#39s fund platform and all investments allowed for Sipp investment under Inland Revenue rules, including commercial property. Selestia will be responsible for the investment funds […]


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