Invesco Perpetual is offering a 2% discount on its UK and European equity and fixed income Isas unti...
Invesco Perpetual is offering a 2% discount on its UK and European equity and fixed income Isas until the end of the tax year.
The move comes as the group launches its combined logo and brand and has completed the rationalisation of its offshore ranges. Invesco Perpetual now has 65 offshore funds and is beginning the process of rationalising its onshore range.
Invesco Perpetual is to hold an EGM for all unitholders in its merging unit trust ranges on 19 October to get the formal go-ahead to merge the former Invesco and Perpetual ranges.
Invesco Perpetual is not expecting many unitholders to attend the meeting, which is being chaired by Invesco Perpetual chief executive for UK retail Mike Webb, as they have all been given the chance to vote by post.
The two ranges, which currently comprise 48 funds, will be merged down to 32 in the period up to 7 December, subject to final approval from unit holders.
Where funds are to be merged, they have been run as closely as possible under their existing mandates so as not to cause large programme trades to be necessary.
The group has decided not to Oeic the onshore unit trust range. The rationalisation process will take place in three stages commencing on 26 October.
The EGM comes in the week following the completion of the move of all of Invesco Perpetual's unit trust business onto its Henley administration platform away from external administrator Bank of New York. That gives a single point of contact for all advisers for the group's onshore funds. The intermediary support line is 0800 0282121.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till