Allied Dunbar is cutting the annual management charges on its investment bond fund links with Perpet...
Allied Dunbar is cutting the annual management charges on its investment bond fund links with Perpetual, Schroders and Fidelity, writes Leo Bland.
The three fund links, which are each based on managed funds, were launched last year by Allied Dunbar and are available through the group's single premium investment bond. The Perpetual fund link originally had an annual management charge of 2.15% but this is being cut to 1.85%. The annual management charge on the Schroders fund link is being cut to 1.45% from 1.75%. The Fidelity fund link annual charge is being cut to 1.95% from 2.25%. These three fund links are also available through the Allied Dunbar Adaptable Pension plan.
As previously reported in Investment Week, Allied Dunbar has added five new fund links with investment houses which can accessed through its investment bond. These include a link with HSBC which provides an active/indexed managed fund with the ability to switch between active and passive management across different world markets. Flemings, Mercury and Newton are also running managed funds for Allied Dunbar, while Hendersons is running an ethical fund.
The Flemings link is based on the Select Managed fund, an institutional fund with global equity and bond exposure. Newton's link is based on its Managed retail fund while Mercury's offering is based on its Managed Portfolio, a global equity and bond fund.
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
Senior Managers Regime
Interest rate outlook unchaged
FCA made demands last week