View more on these topics

Winterthur joins the stakeholder charge

Winterthur Life is joining the growing number of stakeholder providers with its stakeholder pension.

Designed as a group stakeholder pension, it has an annual management charge that ranges between 0.4 per cent and one per cent. The exact charge will vary from scheme to scheme and depends on the average annual management charges of the funds chosen and the scheme size. Even if all available funds are selected the charge will not go above the one per cent cap.

The pension comes can be linked to 17 funds. Four of these, the International, fixed interest, index linked and deposit funds are Winterthur funds. The other thirteen are provided by external fund managers including Schroder, Deutsche, Baillie Gifford, Gerrard, BGI, Newton and Close.

Initially investment will be into the default fund, the Winterthur BGI consensus managed fund. After joining investors may select their own funds.

According to Standard & Poor&#39s the Winterthur BGI consensus managed fund is ranked 55 out of 194 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over one year to April 16, 2001.

Recommended

Stakeholder support pack for IFAs and employers

Scottish Equitable says product providers must give IFAs more support to help employers meet the October stakeholder deadline.It says the pressure is on providers to support IFAs and their corporate clients fully in meeting the deadline with only six months to go.ScotEq points to research carried out by consultant actuaries Punter Southall & Co which […]

Npower lines up loan and life push

Utility company npower is set to launch into the mortgage and life insurance market next year and may even consider becoming an IFA as part of its new financial services package.The firm said earlier this month that it would be diversifying its core business of supplying gas and electricity to homes and businesses into the […]

The Daley Update

Govett Investments has launched a Guernsey-domiciled split-capital investment trust. The Govett Asian income & growth fund has been created as a rollover vehicle for the Govett emerging markets trust. Annual charge is 1 per cent and up to 3 per cent commission can be taken through Govett&#39s trustit scheme. Edinburgh Fund Managers is running a […]

SocGen targets corporate bonds

SocGen Asset Management has entered the corporate bond fund market for the first time with the introduction of the SocGen sterling corporate bond unit trust.The unit trust will invest in a portfolio of between 40 and 50 corporate bonds issued by companies that are in the UK corporate bond sector. At least 80 per cent […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com