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Selestia completes IFA range with four firms

Multi-manager platform Selestia has signed up four new fund companies, including Cofunds&#39 backers Threadneedle and M&G, in a move it says completes its offering to IFAs.

Threadneedle&#39s and M&G&#39s, exclusivity contracts with Cofunds expired recently. They will join with New Star and Govett Investments to boost Selestia&#39s range of funds from 200 to 225 and managers to 36.

The funds include Threadneedle&#39s UK growth and high-yield bond funds, M&G&#39s global managed and emerging markets bonds, New Star&#39s higher-income and UK aggressive funds and Govett&#39s US and Japan opportunities funds.

Threadneedle, with 12, has the most funds, with M&G on five and New Star three. Selestia was unable to agree terms with Jupiter and Gartmore, Cofunds&#39 other two backers.

When it launched in October, Selestia said it wanted 200 to 250 funds. It will not be seeking to attract any more firms.

Director Bill Vasilieff says: “We are pleased to have the new funds and we now have a range which more than meets the needs of the IFA market.”


NU sees potential in impaired annuities

Norwich Union is moving in to the impaired-life annuity market, believing the sector is set to grow significantly.It has been piloting a product since March with specialist IFAs, but says it is now ready for a wholesale launch from June 24.NU says it can provide underwriting on a case-by-case basis. The product is aimed at […]

Co-op offers green loan at a cool 4.99%

Co-operative Bank is extending its range of environmentally-friendly mortgages with the launch of a two-year green fixed-rate deal.The loan is fixed at 4.99 per cent until May 31, 2004 and is available up to 95 per cent loan to value.The loan has flexible features, including the ability to create a flexible fund which can be […]

ScotLife sets benchmark tests for pension reforms

Scottish Life has published a template to measure impending pension reforms and has received backing from influential thinktank IPPR.ScotLife did not make an official submission to the Pickering review, believing its scope was too narrow. But it has now published its own paper which it hopes will influence the Government&#39s Green Paper, expected in the […]

Neville James offers Tep choice

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The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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