View more on these topics

Russell Investments – IM Russell ICVC Defensive Assets Fund

Russell Investments – IM Russell ICVC Defensive Assets Fund

Type: Oeic fund of funds

Aim: Growth by investing mainly in cash and bond funds through a portfolio of Russell multi-manager funds

Minimum investment: Lump sum £1,000, monthly £100 through regular savings plan subject to £50 a month minimum for each fund

Investment split: 19% global bonds, 19% sterling bonds, 19% corporate bonds, 19% currency/foreign exchange, 19% absolute return equities, 5% cash

Isa link: Yes

Charges: Initial up to 3%, annual up to 1.35%

Commission: Initial up to 3%, renewal 0.5%

Tel: 020 7024 6601



FSA fines IFA £700,000 for Lehman failings

The FSA has fined RSM Tenon Financial Services Limited £700,000 for failings in its advice and sales processes for Lehman-backed structured products and also for failing to prevent unsuitable advice on structured product and pension switching.


HMRC wide of mark

Tax legislation has been drafted with too much scope

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.


News and expert analysis straight to your inbox

Sign up


    Leave a comment