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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Women are earning, inheriting and controlling more money than ever. Yet very few financial institutions are doing an outstanding job of attracting and serving them. How you sell and deliver financial services to men is not the same as how you sell and deliver financial services to women. Even if men and women end up […]
If you want the crash course in all things leading edge in Fintech visiting a Finovate show can be time well spent, but it’s also an exhausting experience. The first two days of this year’s Fall show in New York involved no fewer than 80 demos of fintech propositions of all shapes and sizes. Anyone […]
Where to start and what to look out for when aiming to meet the financial requirements of the client For their advocates, fund panels are like a palette, which advisers can choose from to come up with a tailor-made investment solution for individual clients. As an efficient tool at the adviser’s disposal, a panel of […]