UK: BFS INTRODUCES WRAPPER FOR INVESTMENT TRUSTS
Article Abstract:
BFS Investments has introduced the self-select ShapeIT wrapper for its split capital investment trust range. Investors can select any from the range of nine trusts via a Pep, Isa or portfolio service. Risk assessment tools and fact sheets are provided in the accompanying support pack for IFAs, with the 'trust finder' tool enabling investors to ascertain the most appropriate split capital share according to their investment goals and risk profile. A 3% initial commission can be paid to IFAs, with a 0.5% renewal commission. However, some analysts believe the savings plan is limiting and could prove costly as IFA commission is added to the investment trust charges.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: ROYAL LONDON BUYS UNITED FRIENDLY'S UNIT TRUSTS
Article Abstract:
Royal London has merged its eight unit trusts with a further nine from United Friendly, bringing the former's total funds to over GB[pound] 2.35bn. The move coincides with the merger of United Friendly's Isas into Royal London Savings business.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2000
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UK: HAMBRO DRAFTS IN COSTAR TO HEAD UNIT TRUSTS
Article Abstract:
JO Hambro has appointed former Clerical Medical fund manager Mark Costar to head its UK unit trust. Costar, who managed Clerical Medical's UK Growth Fund from 1996, is an Associate of the Institute of Investment Management.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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