Family Assurance Friendly Society is offering a 1% discount on the initial charges for its two leadi...
Family Assurance Friendly Society is offering a 1% discount on the initial charges for its two leading unit trusts.
IFA commission remains at 3% for the period of the discount during which initial charges have been cut from 5% to 4%.
The discount ends 19 January 2001 and will not affect commission levels for IFAs. The incentive will apply to the Family Assets Trust, ranked 11 out of 235 funds in the UK All Companies sector for the three years to 6 December 2000. The Family Charities Ethical Trust is ranked 17 out of 235 funds in the UK All Companies sector over the same period.
The £82.6m Family Assets Trust, launched in 1991, returned 74.6% on a bid to offer basis over the three years compared to the average return of 38.9%
Contact: 0800 521 721
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