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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The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]
The FCA has said it will continue its UK-wide workshop series on financial advice and defined benefit pension transfers. In a newsletter yesterday, the watchdog confirmed it would push ahead with more “Live and Local” interactive events for representatives of regulated firms with DB transfer permissions. The sessions will feature case studies and practical examples, […]
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