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Standard Life Investments slashes charge on Ethical Fund

Standard Life Investments is slashing the initial charge on its Ethical Fund for investors looking to transfer their Peps.

The new initial charge on the fund will be 1.75 per cent down from 3 per cent. The annual management charge of 0.95 per cent remains unchanged.

The reduced initial charge will apply to all Pep transfers made between June 30 and September 30.

Standard Life managing director mutual funds Alan Burton says: &#34By reducing the initial charge from 3 per cent to 1.75 per cent we are aiming to give Pep investors the opportunity to transfer into the UK ethical Fund which represents compelling value for money.&#34


Stockmarkets not effected by war in the Balkans

Contrary to popular belief the &#39Conflict in the Balkans&#39 has so far had little effect on the world&#39s stockmarkets according to Premier Unit Trust Brokers.Premier says the old stockmarket adage to &#39buy on a war&#39 is historically incorrect. It says the adage was founded on the view that capitalism would reap the benefits of reconstruction […]

Scottish Widows news welcomed by IFAs

IFAs have given a broad welcomed the announcement from Lloyds TSB that it intends to take over Scottish Widows.Informed Choice principal Nick Bamford welcomes the plan suggesting the potential of a £5,000 windfall will provide advisers with investment opportunities.Best Investment&#39s head of pensions John Turton says the news is good for carpetbagging clients and good […]

IFA focus will continue – Scottish Widows

IFAs will continue to be the main distribution channel for Scottish Widows in the wake of a £7bn take over by Lloyds TSB.Widows group chief executive Mike Ross told a London press conference that IFAs, which account for 90 per cent of Widows&#39 business, will continue to be the company&#39s main focus under its new […]

Edinburgh Fund Managers appoints senior portfolio manager

Edinburgh Fund Managers has appointed Ken Wilson as senior portfolio manager in its private client team.Wilson joins the investment managers from IFA Alan Steel Asset Management where he was a director.EFM head of private clients Harry Morgan says: &#34Wilson will give us greater strength in marketing to IFAs and other professional firms. He has considerable […]


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