View more on these topics

RSAE reflects property trend

Royal & SunAlliance Eurolife has established the RSAE Glanmore property fund, a mirror fund of Thesis Asset Management International’s Glanmore property fund.

The RSAE fund provides access to UK commercial property through the underlying Thesis fund. Office space comprises 59 per cent of the portfolio, while smaller amounts are invested in the retail and warehouse sectors.

The majority of the buildings, around 70 per cent of the portfolio, will be let to tenants, including the Government, public companies and insurance companies. This part of the portfolio will produce returns of between 7 per cent and 8.5 per cent. The remainder of the portfolio will be actively managed to produce higher returns of between 8.5 per cent and 10.5 per cent.

The dismal performance of global stockmarkets has forced investors to look for alternatives, such as property, to boost their portfolios. The Investment Property Databank (IPD) UK monthly index shows that in the 12 months between July 2001 and June 2002, the total return from property was 8.5 per cent, while the FTSE All Share index produced negative returns of -14.8 per cent.

This fund will be managed along cautious lines, avoiding speculative developments and empty properties. However, there could be vacant periods when leases run out, so new tenants would need to be found. Also, high initial charges are inevitable for commercial property funds as expenses such as stamp duty must be paid. This fund is no exception, but some investors could be deterred from investing as a result.



Scottish Life appoints marketing manager

Scottish Life has appointed Mark Polson as product marketing manager for individual pensions.Mark was previously workplace relationship manager for Virgin Money. He will be responsible for devising and managing promotional campaigns and highlighting new developments and sales opportunities to the IFA community.Polson says: “Scottish Life is one of the market leaders in the industry and […]

A Far-sighted view

Following the publication of the 2001 FSA returns, we can now take the most up-to-date look possible at the published financial strength of the major UK with-profits companies. The recent turmoil in worldwide equity markets has given rise to much media comment on the solvency and financial strength of these companies. It is important to […]

Cowboys and Indians – Cowboys and Indians

Thursday, July 11, 2002Aim: Growth by investing in Cowboys and IndiansMinimum investment: Lump sum £1,000Opening/closing date: July 8, 2002/September 8, 2002Charges: Initial 2.5%Commission: Subject to negotiationTel: 01932 592751

New contracting-out regime proposed by Pickering

Pickering’s report says current contracting out rules are too complex and a contributory factor to the switch to defined contribution schemes.The report focuses on complexity around Guaranteed Minimum Pensions which it says makes it difficult for people to understand their overall pensions rights.Pickering proposes: The choice of vehicle and form of benefit bought with protected […]


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 thought leadership.

    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