Skandia Investment Management
Ethical Fund
Type: Unit trust fund of funds
Aim: Growth and income by investing in ethical funds and a segregated mandate
Minimum investment: Lump sum 1,000
Investment split: 76% JPMorgan Asset Management ethical mandate, 8% F&C Stewardship growth fund, 8% Aegon ethical fund, 8% Norwich UK Ethical Fund
Isa link: Yes
Pep transfers: Yes
Charges: Initial 5% annual 1.25%
Commission: Initial up to 3.5%, renewal 0.5%
Tel: 023 8033 4411
The equity markets have tumbled in recent weeks. No one would necessarily blame the way fund managers are remunerated. It is driven by oil prices, fears about inflation and global uncertainty.
L&G Investment Management has appointed Peter Chambers to be its chief executive officer.Chambers was previously chief execuitve of Framlington and will join LGIM on November 14, 2005. LGIM’s current head Tim Breedon will be taking over as chief executive of the L&G group on January 1,2006.
The Association of Mortgage Intermediaries has pitched into the debate on the cost of mortgage regulation, demanding that the FSA carries out a thorough assessment of the regulatory impact on the market. Director Chris Cummings makes his comments in a Council of Mortgage Lenders’ report which puts the one- off cost of mortgage regulation at […]
Bank of Ireland has introduced the balanced guaranteed equity bond issue 27, which combines a guaranteed equity bond with a choice of two fixed rate savings accounts.The savings account element consists of a six-month fixed-rate account paying 5.7 per cent gross and a three-year fixed-rate account paying 14 per cent gross a year.The six-month account […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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Almary Green, the advice firm led by industry veteran Carl Lamb, is in sale talks with Smith and Pinching Financial Services, Money Marketing understands. One source tells Money Marketing Almary Green staff have visited the Smith and Pinching offices, and that there have been discussions around a merged firm being floated on AIM. The Norwich-based […]
A weekly account of the curious goings-on in the world of financial services Locked out While WSJ correspondents were kept very busy at Money Marketing Interactive in Harrogate last week, there was still plenty of time spent in the bar with industry friends. So came about the story of Aegon director of new business, Martin […]
The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]