View more on these topics

Standard Bank Offshore widens choice

Standard Bank Offshore has introduced a fund of funds for offshore investors who have a cautious attitude towards risk.

The cautious fund aims to produce capital growth and is denominated in either sterling or US dollars. Half of the portfolio is made up of bonds and the rest goes into stocks and shares and cash.

The fund is part of the company&#39s strategic range, which was originally offered to investors only in South Africa. The introduction of capital gains tax to the South African economy prompted the company to make the range more tax efficient and the decision was made to offer it to investors in other countries, including the UK.

As a fund of funds, it invests in a range of funds from different management groups. This means that cautious investors who are wary of putting too much of their money in one area or one fund managers are diluting the risks.

The fund managers used by Standard Bank Offshore include Merrill Lynch, ACM and Perpetual.

As an offshore fund, it could suit investors who want a simple, tax-efficient way of investing. One drawback is that sophisticated investors may wish to have more of a say in fund selection, which the fund of funds approach does not give them.


Online &#39best buys&#39 for Inter-Alliance

National IFA Inter-Alliance is teaming up with online personal finance service moneynet to allow investors to compare, and in some cases purchase, thousands of credit cards, personal loans and PMI products. Inter-Alliance customers will have access to a “best buys” service detailing the best finance products available in sectors.

Scot Wids tops Isa sales table

Scottish Widows is the UK&#39s biggest Isa provider, with Fidelity in second place and Jupiter third, according to figures published by Autif for the first time.Scottish Widows Isa sales stand at £2.2bn since Isas replaced Peps two years ago, of which £1.6bn were raised through its unit trust managers. Fidelity Isa sales stood at £1.6bn […]

Gavin hill

National Mutual managing director Gavin Hill is a man with a slightly unusual passion. But it is difficult to hold this against him when you discover his interest has provided him with both a high-flying career and a 25-year marriage.“I have always been greatly interested in mathematics – it is one of those things where […]

Share of the profits

The new all-employee share ownership plan, as I described last week, is founded on three main types of share – free shares, partnership shares and matching shares.There are also shares that can be acquired with dividends paid out on the other three types of share.The plan may provide that all cash dividends are reinvested either […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm