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Variable view runs a risk

Transact’s decision to rule out a variable annuity on its platform could push advisers to rivals, claims Threesixty.

Last week, Transact said the product holds little attraction as the beneficiaries are likely to be providers rather than clients. But Threesixty partner David Ingram says: “Transact may drive IFAs to a platform offering a full range of options.”

Transact head of marketing Malcolm Murray says: “We are not going to offer our own variable annuity but if a product is in a form suitable for holding on a platform and an adviser wants to hold it, we will try to accommodate it.”


The old favourites

Income unit trusts were badly hit over the year to July 1, being down by an average of around 23 per cent against the average fall in UK equity trusts of about 18 per cent.

The Great British Break-Off

Despite predictions that a vote to leave the European Union would result in an economic apocalypse, UK equities have shown the market equivalent of a stiff upper lip: bouncing back, keeping calm, and carrying on. Although the road towards Brexit remains clouded in uncertainty, UK equities offer a range of opportunities to investors seeking returns […]


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