Humphrey van der Klugt, manager of the flagship Schroder UK equity and Schroder income funds,is to retire in January after nearly 22 years with the group.
The £621m equity fund will be taken over by senior UK equity manager Christopher Metcalfe while the £475m income fund will be run by Nick Purves, Schroders' senior equity income manager. Both will take over the funds on October 1.
Internet-based IFA network Virtual Net is offering new members network services free for four months to mark its first birthday. Members joining from September 1 will pay no network charges until January 2004 although they will have to pay the £99 joining fee. The network is aiming to attract 150 new members. They will get […]
Type: Oeic Aim: Growth by investing in European equities excluding the UK, debt securities and cash Minimum investment: Lump sum £1,000, monthly £30 Investment split: 100% in European equities excluding the UK, debt securities and cash Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 5%, renewal 0.5% Tel: 0800 305306
I could not agree more with Len Warwick's article in Money Marketing on maturing endowment policies. There are, however, two points that about which we as an industry need to educate our journalistic friends. No endowment policy will produce a shortfall at matur-ity. That is a fact. I am old enough to remember non-profit endowments […]
Lender Abbey National's latest research shows a move away from short term goals for saving like holidays towards long term reasons like old age, property and children.
By Kim Jarvis, Canada Life In this article we look at which forms personal representatives (PRs) need to complete and who actually pays inheritance tax (IHT). To recap, under current rules, any part of the estate that falls within the available nil-rate band (NRB), currently £325,000, is taxed at zero. Anything in excess of the NRB […]
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Discretionary fund manager Beaufort Investment has promoted internally to fill the position of chief investment officer and has also appointed a new funds research executive. Beaufort Investment is part of the vertically integrated Beaufort Financial group. Head of portfolio construction Shane Balkham has been appointed as CIO and investment analyst Emma Clarke has been named […]
New Leodis Wealth chief executive on supporting clients through the chaos caused by the UK’s exit from the EU The long and tortuous road to Brexit has taken us from a political soap opera to what many regard as a tragedy over the past two-and-a-half years. Whatever drama is yet to unfold, the message that […]
Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]
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