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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Europe will lose decision-making autonomy and be worse off under the terms outlined in last week’s Brexit whitepaper from Theresa May’s government, says the EU’s chief negotiator. The UK government scrapped its plans for mutual recognition of regulation in the whitepaper. The whitepaper instead proposes an equivalence model, similar to that used by Singapore and the […]
A public petition against plans to shelve the pensions dashboard has climbed from 17,000 to more than 82,000 signatures since Thursday. The petition, hosted by 38degrees, was launched six days ago. Backlash against the government has emerged over the past week as rumours swirl that ministers are considering abandoning the planned 2019 introduction of the dashboard. […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.