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Scottish investment manager Baillie Gifford is aiming to build its retail business

Scottish investment manager Baillie Gifford is aiming to build its retail business through IFAs with its Oeic Pep transfer.

The product is designed for Pep holders who prefer to have their funds actively managed.

Although no new money can be invested into Peps, investors are allowed to move their money around to different fund managers. Investors might do this if they feel their fund manager is not performing well or they want their portfolio to have more diversity.

The Baillie Gifford Oeic Pep transfer allows IFAs to invest their clients&#39 Pep holdings into a maximum of four Oeic funds out of a range of 10.

These funds are geographically diverse and cut across different sectors. However, there are no externally managed funds available so IFAs and their clients are restricted to Baillie Gifford funds.

Of the 10 funds in the Oeic Pep range, nine have Standard & Poor&#39s star rankings as at November 8, 2000. The Japanese fund is the best, with a S&P five-star ranking and a fund rating of AAA. The UK smaller companies fund is the worst, with a S&P one-star ranking.


Should CJD be put on the critical list?

Media horror stories surroun ding Creutzfeldt-Jakob disease, the human form of mad cow disease, are prompting a sharp rise in the number of doctors buying critical-illness insurance, according to evidence from IFAs.If doctors are taking the threat of a CJD epidemic seriously, this may be a sign for insurers to rev iew their product design […]

First Direct adopting a twotier system in switch to IFA

First Direct, HSBC&#39s telephone and internet banking arm is ringing the changes with a two-tier entry into the IFA market.The telephone-based service is set to start up in the middle of January. Its target is to make the bank one of the biggest IFAs in the country, with the aim of filling the gap in […]

TMO introduce speedy mortgage

THE NATIONAL mortgage network The Mortgage Operation (TMO) has launched a new mortgage package for clients whose choice is driven by speed and efficiency. The Options mortgage is funded by West Bromwich Building Society and offers a rapid five day to mortgage offer service. The package has a 3% discount for two years with an […]

Polarisation – politics and pressure points

IFAs should brace themselves. By the time you receive this issue of Money Marketing, some industry sources believe the Government will have announced its decision on polarisation.To the best of our knowledge, the FSA has passed its recommendation to the Treasury.It has left the publication to the Government but, by handing responsibility to spin-doctors, it […]

Europe: Volatile share prices create opportunities for long-term investors

Mark Page and Laurent Millet, managers of the Artemis European Opportunities Fund, look at why, how and where fluctuations in European markets can generate opportunities for their fund. When asked what the stock market would do next, John Pierpont Morgan is reported to have replied that “it will fluctuate”. His (apocryphal) answer proved accurate. Over […]


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