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Seasonal boost from Standard

JP Morgan Fleming is offering a discount on its initial charge for investments of £7,000 or more into four funds until April 5. The initial charge will fall from 5.5 per cent to 3.5 per cent on the company&#39s UK dynamic, UK strategic value, premier equity growth and Europe funds. JPMF is also waiving the 1 per cent transaction charge on all lump sum investments into any of its 22 investment trusts until April 30.

MFS International is knocking 2 per cent off the initial charge on investments into the three funds that it distributes through IFAs in the UK. The usual 5 per cent charge will fall to 3 per cent until the end of April on its Continental European equity, UK equity and US growth funds.

Multi-manager boutique T Bailey is reducing the initial charge for Isa investors into its Fortress foundation fund from 5 per cent to 3.5 per cent until April 30.

Standard Life Investments is offering increased commission to IFAs during the Isa season. Until April 19, SLI will pay 4 per cent commission instead its usual 3 per cent to IFAs recommending funds including its UK opportunities, American equity growth, Japanese equity growth and Asian Pacific funds. IFAs can choose whether to discount some or all of SLI&#39s 3.5 per cent initial charge.

Axa Investment Managers is offering a 1 per cent discount off the initial charge into its UK opportunities fund to celebrate its third anniversary. Until April 30, investors will pay 4 per cent instead of 5 per cent.


Out of context

•”We want to be the Dyson of the hoover world but we&#39re not reinventing the wheel here.” – Bloomsbury Financial Planning managing director Jason Butler. •”He just wants an excuse to get more highlights in his hair.” – Norwich Union PR Rob Pell on boss James Evans organising a Duran Duran concert invite. •”My two […]

Emergency treatment for critical-illness cover

The critical-illness concept looks set to undergo surgery but in what shape will it emerge? Legal & General&#39s recent survey on the future of the market confirmed that IFAs are keen to keep the guaranteed model. Life Policies Direct director Jason King says only 28 per cent of its CI sales since the beginning of […]

Electronic shock on commission cash

So providers have not been stumping up the commission promised in electronically processed statements, with less than promised being paid into the accounts of many IFAs. The issue is highlighted this week by Nigel Hopwood, one of smartest cookies on the technology block. Hopwood now works for Bankhall but served years on the other side […]

CII calls for LTC advisers to require qualification

The Chartered Insurance Institute is calling for all advisers dealing in long-term care insurance to be required to pass an approved exam before giving advice. In response to FSA consultation paper 200 on long-term care insurance and after working with the regulator and the Financial Services Skills Council on the development of a new LTC […]


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