View more on these topics

Royal & Sun unit trusts to start merger

Royal & Sun Alliance Unit Trust Management is set to start merging its range of 17 unit trusts from this April.

The first mergers will be of the £36m Sun Alliance European Trust and the £79m Royal & Sun Alliance European Trust.

The £21m Royal Life International speculative trust will merge with the £84m Royal & Sun Alliance international growth trust.

Subject to unitholder approval, the mergers will take place on April 7. The Royal & Sun Alliance name will be kept for the new funds.

The two enlarged trusts will continue to be managed by Davina Curling and Tim Scholefield respectively.

Royal Insurance and Sun Alliance merged in 1996. Their respective fund management arms, Sun Alliance Unit Trust Management and Royal Life Fund Management, were merged last October.

R&SA expects to merge many of its remaining 17 unit trusts later this year.

Marketing and sales manager Keith Luckhoo says: “The decision to merge the two European trusts was relatively straightforward as they had broadly similar investment objectives.

“In the case of the two international trusts, we have decided to move the International Speculative Trust into the much larger International Growth Trust.”

He claims this was because the life office felt that the additional potential return available with the International Speculative Trust did not equate with the additional level of risk involved in such an investment.


Hard nut to crack for securitisation squirrel

NPI has spent much of the last few years struggling to transform itself into a modern mutual life office capable of sur viving well into the next millennium. But it has been mostly a process of firefighting as industry experts continue to sting NPI with criticism. It remains the centre of speculation that it will […]

Revolution or has Widows peaked?

Scottish Widows believes it is shaping up as the model life office for the new millennium. It revealed last week that it is entering into a joint venture with supermarket giant Tesco to launch Tesco Life early in the new year. It has also launched into banking, healthcare, international investment and teamed up with Royal […]

Colonial set to take over GAN salesforce

Colonial is set to buy GAN Life&#39s 800-strong direct salesforce for an expected seven-figure sum. The move comes two weeks after GAN Life was bought for £300m by the Life Assurance Holding Corporation, the vulture fund set up by Sir Mark Weinberg in 1994. Last week, Money Marketing revealed that LAHC was in talks with […]

L&G in apology to Virgin as ads compare wrong figures

Legal & General has been forced to make a humiliating apology to Virgin Direct and change its advertising after admitting it got its figures wrong. Virgin complained that figures used in L&G&#39s national press ads for its corporate-bond Pep dramatically underestimated Virgin&#39s performance. The L&G ads compared the running yields of four providers. L&G&#39s Pep […]

Greg Broomer 2

Survey looks at the challenges facing businesses post auto-enrolment

A survey conducted by Johnson Fleming at the Pension & Benefits Show 2014 highlighted the key challenges faced within organisations post auto-enrolment. The results showed that communicating the changes and the value of them to staff, and receiving timely data from the payroll provider proved to still be the most challenging aspects of managing an auto-enrolment scheme.


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. cMuozj svfgxevfaznq, [url=]inwycrshjlgi[/url], [link=]ctdlteipduah[/link],

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm