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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FCA chief executive Andrew Bailey is calling for regulators to back a proposed implementation period after Brexit to avoid an economic “cliff edge”. Speaking at The International Financial Services Forum today, Bailey continued pushing for cooperation between the British and European regulators, this time pointing to preserving financial stability. He says: “Brexit has global implications, […]
Prudential must compensate a customer whose transfer value was significantly reduced after a meeting with an in-house adviser. According to a Financial Ombudsman Service decision, the customer, called Mr L, was told on 2 March 2017 that the transfer value for his pension policy was £141,981. He met with a Prudential adviser, who recommended he […]
Choosing the right system is one of the most important decisions an advice firm will make. Here is a review of the best out there. Last month I looked at the four foundations of a solid adviser technology strategy. The first of these was the practice management system. Studies have found that between 20 and […]