Jupiter is to re-launch its investment trust savings scheme after redesigning its brochures and movi...
Jupiter is to re-launch its investment trust savings scheme after redesigning its brochures and moving its administration to an external provider, writes Robert Stock.
For the first time the savings plan will have a link to Jupiter's direct and IFA websites.
This follows the appointment of Andrew Watkins from Flemings at the end of last year as head of investment trust business at Jupiter. His arrival saw investment trusts set up as a separate business division within the company. The group is now set to begin marketing, initially to intermediaries registered with Jupiter and direct unit trust investors in its open-ended funds, in the fourth quarter.
The administration has been moved to IFDS, which looks after Gartmore and Martin Currie's investment trust administration. IFDS had an 11% market share of the Oeic and unit trust administration industry, at the start of the year, according to figures in the UK Fund Industry Review and Directory 2001, and a 5.35% market share in investment trust administration.
The minimum lump sum investment in the Jupiter savings plan is £500 or £50 a month. It offers initial commission of up to 3% which is taken from investors' capital. Jupiter's 1% dealing charge is taken after commission. Literature on the revamped scheme is available by contacting 0845 3060100.
Otherwise visit the group's websites at www.jupiterifa.co.uk and www.jupiteronline.co.uk.
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