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Schroders gets into gear for tax-free income

Schroders&#39 income Isa aims to provide a tax-free income of 5.8 per cent a year and the potential for capital growth by investing in the ordinary shares of the recently introduced Schroder split investment fund.

This investment trust invests 75 per cent in stocks listed on the FTSE 350 index. The remainder goes into a portfolio of fixed-interest securities via the Schroder monthly high income and Schroder corporate bond unit trusts. Gearing is limited to 15 per cent so it is not as risky as highly-geared trusts such as BFS geared income.

Investing in the UK may be attractive to some investors as it has held up quite well over the last few weeks but stocks with good growth potential may still be picked up cheaply. This Isa is likely to appeal to more adventurous income seekers as cautious investors may prefer with-profits bonds. But some investors may be looking for a higher level of income than this Isa offers.

According to Standard & Poor&#39s, the Schroder corporate bond fund is ranked 17th out of 74 funds and the Schroder monthly high income fund 15th out of 30 funds based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to December 10, 2001.


Tied ebbs and flows as firms ponder choices

IFAs and product providers are split on how to adapt their businesses to take into account the FSA&#39s polarisation proposals but independent advice looks set to continue.Among the providers, Zurich says it is not interested in multi-tying, saying it is happy with its current distribution methods. Standard Life says it has no plans to enter […]

Goodfellows – Mortgage Safety Net

Monday, January 21, 2002.Type: Accident, sickness and unemployment insurance.Maximum benefit: 65 per cent of monthly income or £1,500,whichever is lower.Benefit payment term: 12 months.Deferred period: None.Premium: £3.95 per £100.Commission: Initial 15 per cent.Tel: 01376 347369.

Cut against the bias

One of the primary arguments made in the FSA&#39s consultation paper 121 which proposes scrapping polarisation is that there is commission bias at work in the IFA sector.It uses this as justification for a radical overhaul of the way that independent advisers are remunerated, which would force IFAs to charge fees and rebate commission.However, the […]

Legal threat hangs over Equitable rescue plan

Equitable Life&#39s rescue plan could be under threat from a legal challenge which may mean thousands of members of group pension schemes are still entitled to guaranteed annuities.City law firm Linklaters says its clients in the unidentified schemes could still be elig-ible for guaranteed annuities after an Equitable member queried the conditions of the society&#39s […]


White paper — Dubai International Insights

Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.


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