Selestia is adding 23 Schr- oder funds to its collect- ive investment bond and offshore collective investment bond products.The online business solutions adviser is offering investors the choice of up to 23 equity, bond or multi-manager funds. Until now, these funds were only available to unit trust, Isa and Pep investors. The funds include eight UK equities, three European equities, two US equities, Japanese equities and Far East equities, three multi-manager and one global emerging market equities, income and specialist equities funds. Schroders has a total of £106bn under management. Head of UK retail sales Neil Bridge says: “Selestia has a strong brand and reputation in the UK intermediary market. Following the success of our linkages on the Isa, unit trust and Pep platforms, we are pleased now to have our funds available via Selestia’s investment bond.” Selestia head of investment marketing Graham Bentley says: “The addition of Schroder’s funds to our investment bond fund range signals our commitment to providing investors with greater choice. We are delighted to extend the availability of these funds to our life product range.”
Clerical Medical is introducing a new insurance premium funding product offering advisers loans to pay regulatory levies and professional indemnity insurance premiums in instalments. The loan does not require security and can be repaid quarterly, or in six or 10 monthly instalments. Interest rates on repayments are fixed, depending on the loan term and amount. […]
Mortgage intermediaries are exposed to embarrassment in front of their clients when lenders indiscriminately change their procuration fees, says Mortgage Portfolio Services mortgage planner Simon Chalk. Chalk says significant changes in payments not only go against the initial KFI seen by the client but also result in the client being overbilled or underbilled by the […]
Nationwide is launching new lower rate fixed rate mortgages.The new rates are available from April 22 and reflect current movements in the money markets.The two year fixed rate is available from 4.95 per cent from its previous rate of 5.19 per cent. The three and five year fixed are available from 5.09 per cent from […]
MFS Investment Management plans to attract UK multi-managers to its unified fund range by offering competitive total expense ratios on institutional share classes.
Jelf Employee Benefits has released a guide to help employers communicate the recent raft of pension legislation to staff. ‘Your Guide to Pension Freedom’ will help employers meet their duty of care in explaining the changes to employees and in turn will help employees take more control over their pensions and retirement decisions.
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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 […]