Scottish Equitable International is adding four funds to its core selection fund range.
From October 31, SEI’s offshore single premium bond offering – private client portfolio – will offer access to four new low risk funds with enhanced annual management charged.
Select distribution will reduce from 1.25 per cent to 0.75, select reserve from 1.20 per cent to 0.70, Newton higher income from 1.40 per cent to 0.85 per cent and its property fund will reduce from 1.70 per cent to 1.00 per cent.
Three of the funds are below average risk, while the Newton higher income is above average risk.
The core selection previously included ten SEI funds with significantly reduced AMCs.
The new core funds are available to both current and new PCP investors.