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Standard & Poors Top 10s

JPMF Korea is back at the top of the unit trust performance tables, with its 12-month return shooting through the 50 per cent mark. Merrill Lynch&#39s gold & general fund is in second place, with the remainder of the top 10 comprising a mixture of Asian, high-yield and US funds.

The average unit trust return for the past year remains poor at -17.05 per cent while the average investment trust has fared worse with a return of -21.04 per cent.

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IFAs remain unconvinced that online financial ser-vices business will take off, with nearly half saying no more than a fifth of transactions will be done onthe internet in the next five years.Forty-five per cent of the 280 respondents to the Money Marketing State ofthe IFA Nation poll in conjunction with Virgin One say no more […]

London Pacific Assurance – Guaranteed Protected Income Bond

Thursday, February 7, 2002.Type: Guaranteed offshore bond.Aim: Income by investing in sterling-denominated corporatebonds.Minimum investment: Lump sum £5,000.Place of registration: Jersey.Investment split: 100 per cent in sterling-denominated corporatebonds.Guarantee: Capital returned in full along with 3 per cent gross a yearregardless of performance of underlying investments.Isa link: No.Charges: Implicit.Commission: Initial 5 per cent.Tel: 01534 607780.

Cap Gemini says standard fund deals can cut costs

Cap Gemini Ernst & Young is urging IFAs and unit trust providers to develop a standardised fund transaction method to avoid what it calls the current “horror show” for conducting business.In a review of the mutual fund industry, CGEY says providers and IFAs can cut costs and speed up the transaction process by creating a […]

Liverpool Victoria revises annuity

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Converting pension savings to a retirement income…

Since last year’s reforms to pension legislation, a significant number of retirees have chosen income drawdown over purchasing an annuity. Income drawdown is more flexible than an annuity. However, it also increases the likelihood that individuals won’t be able to maintain their income throughout their lifetime. In this short video, we explain the risks that […]

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