View more on these topics

Widows adding eight fund links in triple deal

Scottish Widows has bolstered its life and pension range with fund links from New Star, Jupiter and Schroders.

Eight funds will be added to Widows&#39 life and pension range, including Schroders popular UK alpha plus fund run by Richard Buxton.

The funds will be available across most of Widows&#39 life and pension products.

Fund companies which already feature on Widows&#39 panel include Artemis, Fidelity, Invesco Perpetual, Merrill Lynch, Newton and Threadneedle.

Jupiter managing director Gordon Davidson says the firm plans to sign only a limited number of deals and will select distributors of the highest calibre.

All three fund companies joining the panel say Widows is one of the strongest brands with IFAs and consumers, which is why they decided to enter into partnership with it.

Widows marketing director Peter Jordan says: “It only seems like yesterday that Scottish Widows started to provide external fund options, yet assets in these funds already exceed £1bn.

“This has been a major factor in Scottish Widows&#39 revival in the IFA market and provides the clearest possible signal that IFAs liked what we did and that we need to make sure we keep enhancing our proposition to set the standard for the chasing pack.”

New Star managing director Mark Skinner says: “We are delighted to be selected as an external fund provider within the Scottish Widows life and pension range, creating what is an important venture in the development of New Star&#39s UK retail business.”


Head of fund groups summoned to FSA meeting

The chief executives of leading fund groups have been summoned to a meeting with the FSA amid fears that the problems plaguing the US market have spread to the UK. FSA chairman Callum McCarthy is concerned that some fund managers have been the unwitting victims of late trading and market timing, which have been the […]

Summer start for depolarisation after menu delay

Firms should be able to operate under the final depolarisation rules by summer 2004, six months later than originally planned, the FSA has revealed. A consultation paper on the menu payment system is now due by early February and FSA head of retail projects David Severn says he believes the earliest the industry will be […]

Lincoln launches structured product

Lincoln Financial Group is launching a new IFA product. The Staged Investment Plan is linked to 11 trusts that are managed by fund managers: Goldman Sachs Asset Management and Delaware International Advisers.

SIPPcentre offers IFAs co-branding facility

The SIPPcentre is offering IFAs a co-branding facility which will see advisory firms&#39 logos on the pensions administrator&#39s website and marketing literature. The offer is only available to IFAs registered with the SIPPcentre, which is a subsidiary of Sippdeal. IFAs can register through Managing director Andy Bell says: “The true brand loyalty for most […]

A guide to automatic re-enrolment

Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment