Scottish Widows Investment Partnership is offering a UK real estate fund which will give investors exposure to UK-listed property and real estate investment trusts when they become available from January 2007.The fund will form part of the Swip Oeic and will be managed by head of European equities and manager of the European real estate fund Nigel Bolton. Head of property research Ian Hally will provide the fund with analysis of the direct real estate market. The fund will hold 25-40 stocks. Initial charge is 5 per cent and annual management charge is 1.5 per cent. Minimum retail investment is 1,000. Bolton says: “We could potentially see London becoming the Reit capital of Europe. This fund will enable investors to take advantage of this growth in the UK-lis-ted property market.” Swip has also added the Swip multi-manager global real estate fund, New Star property fund and Schroders global properties securities fund to the property options in its life and pension investment solutions range.
Aseries of Tory gains in the polls indicates that the public are being won over by David Cameron’s relentless charm offensive and are starting to see the Conservatives as potential Government material.
This week by former Money Marketing investment reporter Matt Davis
Advice has been ruled out of the national personal accounts scheme, echoing Lord Adair Turner’s plans. Work and Pensions Secretary John Hutton’s plan for personal accounts outlined in the White Paper will follow one of two routes which both remove advice to cut costs drastically and allow for a “light-touch, risk-based and proportionate” regulatory regime. […]
Swiss Re’s annual report says Legal & General, Norwich Union, Friends Provident, Scottish Widows and Abbey dominated the protection market last year but are under threat from smaller providers. It shows that the five firms made up around 60 per cent of sales last year, joined by HSBC on income protection. L&G has remained the […]
By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article
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Savers withdrew £6.5bn using the pension freedoms in 2017 according to data from HM Revenue and Customs. This is nearly £1bn more compared to 2016 when £5.7bn was taken out of pension savings. On a quarterly basis, nearly 200,000 people took payments from their pension totalling £1.5bn in the fourth quarter of 2017 which is […]
Sipp operators have no proven responsibility to conduct due diligence on investments, a trade body has said, as it warns the Financial Services Compensation Scheme is taking the wrong approach by making them foot the bill for redress claims. The Association of Member-Directed Pension Schemes has written to the lifeboat fund on the back of its […]