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Royal London adds income focus to £800m UK Growth fund

Money-UK-Currency-Notes-50-480.jpgRoyal London Asset Management is changing the name of the £794m UK Growth fund and launching an income share class.

From 15 January the UK Growth fund will be called the Royal London UK Dividend Growth fund. Income units and quarterly distributions will be introduced from 31 July 2018.

Managed by Richard Marwood and Niko De Walden, the fund targets long-term capital growth with some income by investing in companies across the UK market cap spectrum with strong business models and the potential for long-term growth in dividend payments.

The fund’s yield over the past 12 months is 2.17 per cent. The fund has returned 19.4 per cent over one year compared to the 15.3 per cent average of the IA UK All Companies sector, FE data shows.

A spokesperson for RLAM says: “The investment style focuses on companies that should be able to grow dividends faster than the market, while maintaining an attractive yield. We therefore believe that including ‘dividend’ in the name of the fund provides more clarity on how growth is achieved.”


‘Defined ambition’ pensions back on table with new MP inquiry

The Work and Pensions select committee is launching a new inquiry into defined ambition pension schemes, which were legislated for but not fully implemented in 2015. The inquiry will consider whether collective defined contribution arrangements can give better outcomes than traditional DC plans, how they might be governed and whether seriously underfunded defined benefit schemes […]

Little details make the difference to great advice

Never forget that everything counts. Every aspect of your business says something about who you are, what you value and the kind of experience a client can expect to have should they choose to give you the time of day. Brochures, employees, products, packaging, wallpaper, flowers, absence of flowers – each small detail is communicating […]


Fidelity to relocate 650 staff as office closes

Fidelity International is to downsize its presence in the UK further as it plans to close its Kent office and relocate 650 staff by 2020. The asset manager, which currently operates in London, Surrey and Kent, says by 2020 it will move “the majority” of the 650 employees from Tonbridge, Kent to its Kingswood office […]


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