Scottish Equitable International is setting up a property portfolio with four fund firms and is offering 6 per cent commission on the scheme.New Star property unit trust, M&G property fund, Brandeaux and Norwich Union property trust have signed up to Scottish Equitable International’s portfolio which will give IFAs the opportunity to pick an investment mix spreading the risk over product providers and property assets. SEI says UK property is outperforming equities and bonds over three, five and 10 years and could offer diversification required in a client’s portfolio. Minimum investment is 75,000 and commission is 6 per cent commission. SEI marketing manager Steven Whalley recognises the interest in property held by advisers as it is perceived as a lower-risk element of an investment portfolio that offers capital growth potential and rental income. Whalley says: “Property has been a constantly solid performer and it helps to develop diversity into an investment mix. This is because, to maximise diversification, it is important to invest in asset classes that have low correlation to each other and property does have a low correlation with other asset classes.
A simple, fair citizen’s pension would remove 10 million future pensioners from means-testing, says the National Association of Pension Funds. It claims it would reduce poverty by providing a simple state pension system on which to build additional savings and would be fairer to women, carers and others who miss out in the current system. […]
Trackers with initial charges have been responding to Fidelity’s suggestion that investors are overpaying for their funds. Fidelity listed seven tracker funds with initial charges in its announcement last week that it is to drop the annual management charge on its Moneybuilder tracker to 0.1 per cent, dropping its total expense ratio to 0.3 per […]
JO Hambro Capital Management
JOHCM American Growth Fund
Assureweb has appointed ex- Woolwich managing director John Little as non-executive chairman.
Most investors are better off than they were 12 months ago despite the summer’s volatility. Will next year bring the (delayed) global slowdown? Artemis’ senior partner weighs up the factors.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]