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SEI offers five more external fund links

Scottish Equitable International is setting up five new external fund links across its range of investment products.

The funds will enable new and existing investors to access funds managed by Deutsche Asset Management, Mercury, Newton and Baillie Gifford.

The funds include the Deutsche managed portfolio, Mercury balanced portfolio, Newton balanced and Baillie Gifford managed.

Alternatively, investors can invest in all four funds through SEI&#39s external balanced collection fund.

The offshore life office is also planning to boost commission for IFAs.

SEI is increasing standard commission on all its products by 0.5 per cent to 5.75 per cent from September 1 until December 31.

SEI says the new funds will help independent advisers offer clients flexibility and a wider range of investment products at the lower level of the investment market.

It says the funds will broaden the choice for clients investing a minimum of £15,000 who have previously had less choice of funds than more substantial investors.

Personal investment development manager Richard Leeson says: “Fund choice is a crucial consideration for IFAs when recommending an offshore bond. This type of product is generally a medium to long-term investment and it is likely that a client&#39s profile will change over the period that the bond is held.

“It is important that there is scope to switch between different funds during that time to match the client&#39s requirements. These new external fund options will be available within our entire product range, even at the minimum investment level where previously there were no external funds.”


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