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SVM adds extra commission on funds

SVM Asset Management has extended its commission for IFAs from 3 per cent to 5 per cent until September 30.

Advisers will have the choice to either discount the initial charge to their clients or retain the commission.

The increased commission within the SVM UK opportunities fund and its continental Europe fund is available to lump sum investors as a direct investment, through a Pep or an Isa transfer or on investments via platforms Cofunds and FundsNetwork.

In the twelve months up to March 2004, SVM&#39s three Oeic funds have increased from £6 million to £14.5 million – an increase of 142 per cent.

SVM Head of retail sales Mark Noble says: “The commission increase is part of our IFA strategy and we aim to empower IFAs to make their own decision over the terms they can offer clients.”


Widows hits the road for IFAs

Scottish Widows will be holding a series of IFA Roadshows throughout the UK during May and June 2004, entitled “Investing With Confidence.” They are designed to provoke debate and provide positive contributions to the development of an IFA&#39s business. The roadshows commence on May 7 in Glasgow and conclude on June 10 in Cardiff. The […]

Distance directive bring in new rules for pre-disclosure

Advisers selling investment products over the phone, internet or post will have to provide greater levels of pre-disclosure under a new European directive aimed at guarding consumer rights when buying financial products remotely. The FSA is setting out its rules for implementing the distance marketing directive, due to be enacted on October 9. FSA spokeswoman […]

Woolwich and Barclays link to offer guaranteed lifetime tracker loan

Woolwich and Barclays will be jointly offering a guaranteed lifetime tracker mortgage by the end of the month. The loan will allow borrowers to track the base rate plus 0.04 per cent for two years and then change to a guaranteed lifetime tracker of 0.95 per cent above the rate. Monthly payments on a 25-year […]

Abbey in 15-Year Fix

ABBEY 15-Year Fixed Rate Type: Fixed-rate mortgage Fixed term: Until June 2, 2019 Fixed rate: 5.74% Minimum loan: £6,000 Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of £1m Income multiples: Three times principal income plus second or 2.5 times joint […]

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.


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