View more on these topics

Schroders is first fund firm to sign for stakeholder

Schroders has become the first major fund manager to register as a stakeholder pension provider.

Schroders Pensions registered with the Occupational Pensions Regulatory Auth ority earlier this week, and will go live with its first product when stakeholder laun ches in April.

The fund manager&#39s expansion into stakeholder follows its acquisition of Liberty International Pensions for £60m last May.

It says it will be marketing its scheme as part of its package of defined-contribution services and will target medium-sized to bigger firms.

Schroders Pensions director of business development Robert Noach says: “We have a very large client base with existing defined-benefit arr angements, and many of these companies have employees which are not eligible for defined benefits. We see this as a valuable addition for our existing client base.”

Bates Investment senior analyst James Dalby says: “I do not see all the fund managers throwing their hats into the stakeholder ring because of the cap on costs. But I do not think Schroders will be the only one.”

Schroders also began a restructure of its fund management operations last week, as it merged its European and UK businesses.

The move means that the current managing director of Schroder Unit Trusts, Peter Wolton, will be leaving the group this summer.

Head of European unit trust operations Massimo Tosato will take over as head of the new global mutual fund business. Current head of IT and operations Hugh Mullan will take responsibility for the UK operations but will report to Tosato.

The changes are being followed by a £4m advertising campaign, running under the new slogan, “Shrewd, Shr ewder, Schroders”.

Recommended

ASA raps Assuresoft over float shares ad

Assuresoft has had its knuckles rapped by the Advertising Standards Authority for misleading advertising on its share incentive scheme. The ASA upheld a complaint that Assuresoft&#39s ads did not make it clear that only the heads of practices would get free shares in the company if it floated. The ad ran with the head line, […]

Royal & SunAlliance – Lifestyle Investment Bond

Thursday, 18th January 2001.Type: Unit-linked bond.Aim: Growth and income by investing in Royal & SunAlliance funds.Minimum investment: £10,000.Fund links: With-profits, deposit, European, FTSE all share, Japan growth, Pacific growth, income distribution I, income distribution II, equity, EuroTech, fixed interest, managed, property, UK smaller companies, cautious managed, equity income, Far East, international, North America, UK leader.Allocation […]

Scottish Friendly Assurance – Growth And Security Bond 2001

Friday, 19th January 2001.Aim: Growth and income by investing in Scottish Friendly Assurance&#39s with-profits fund.Minimum investment: £3,000.Bonus rates: 6 per cent.Allocation rates: £3,000-£9,999 – 100 per cent, £10,000 and above – 101 per cent.Charges: Initial 5 per cent.Commission: Initial 5.25 per cent.Tel: 0800 834428. 

NU Healthcare gives website boost

Norwich Union Health is up grading its website in a bid to boost its protection products. The website previously only provided product information and had no interactive elements. It will now include full illustrations of health ins urance as well as full det ails of income protection and cash plans from the life office. The […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com