View more on these topics

R&SA bond has 20 fund options

Royal & Sun Alliance has unveiled details of its nextgeneration investment bond, offering 20 fund options to IFAs and their clients.

The Lifestyle bond updates the company&#39s existing inv estment bond range with a single, fully flexible product with access to with-profits, unit-linked and income distribution funds.

The product, available from January 29, allows up to 12 penalty-free fund switches a year. It also offers flexible income opt ions such as the ability to reinvest with-profits bon uses in the client&#39s chosen unit linked fund. With drawals of up to 7.5 per cent a year can be taken on a monthly, quarterly, termly, half-yearly or yearly basis without incurring any penalty.

The unit-linked and inc ome distribution funds have an annual charge of 1.25 per cent, dropping to 1 per cent from the sixth year onwards. The with-profits fund charges are determined when the bonus rates are set.

R&SA says the design of the product comes in res ponse to IFAs&#39 desire to switch their clients&#39 funds more easily between with-profits and unitlinked funds.

IFA personal market leader Mark Edwards says: “The popularity of with-profits bonds has soared in recent years. Other types of investment bonds will play an increasing role in cli ents&#39 investment portfolios and the freedom to choose is a key factor in the design of the Lifestyle bond.”


Polar exploration

With the introduction of the first stage of polarisation changes likely to coincide with the arrival of stakeholder in April, the industry is looking to the greater battle ahead. IFAs are conceding that the FSA will get its way over the changes which will allow pro viders to offer other firms&#39 stakeholder pensions and Cat […]

Edinburgh Income & Value Trust announces results

Edinburgh Income and Value Trust, managed by Edinburgh Fund Managers, has announced that a second interim dividend of 2.4p has been declared and will be paid to shareholders on February 16, 2001. This follows a first interim dividend of 2.4p. The company intends to pay a total dividend of at least 9.6p for the year […]

First Direct has Capital idea for phone-based IFA service

First Direct launches its telephone-based IFA service this week under the brand First Direct Capital. The internet and phone bank has so far invested £3m in the service, mainly meeting regulation, compliance and staff needs, while a further £3m is being spent on marketing. The bank has recruited 52 IFAs and plans to have 100 […]

Axa launches three new equity funds

Axa is launching three new aggressively managed equity funds as part of its attempt to become a top-five provider in the retail mutual funds market. The Oeic based funds will also be available as Isas. The funds are UK opportunities, world opportunities and European opportunities. AXA Fund Managers investment marketing head Mick Stirrup says: “The […]


News and expert analysis straight to your inbox

Sign up


    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