Artemis, Newton, Jupiter and Exeter all moved to join the growing number of fund providers offering ...
Artemis, Newton, Jupiter and Exeter all moved to join the growing number of fund providers offering discounts on their fund offerings.
While some are gearing up for the Isa season, the Artemis discount, announced in Investment Week last week, is connected with the arrival of Adrian Frost as manager. Jupiter's discount is linked to the launch of its Distribution fund early next month.
The Exeter discount is much more of an Isa season drive based on the strong track record of the Global Opportunities fund, which is ranked third in the 127 fund strong global growth sector over the three years to 12 December with an offer to bid return of 55.9%.
Other groups with discounts include Framlington, which has put a discount on its Biotech and Healthcare funds as well as its Best of British packaged Isa.
Terms of business on key funds
Artemis is offering a 2% discount on Pep and Isa transfers into the Income fund now managed by Adrian Frost. The offer lasts until 1 March.
Jupiter has a 1% discount available on lump sum investments into the Jupiter Distribution fund, which is due to launch on 8 February. Before the discount, which runs until the end of June, the initial charge is 4.5%.
Exeter has put a 1% discount onto lump sum investments into the Global Opportunities fund until 5 April.
Newton has established a 1% discount on initial fees across its entire fund range until 30 April.
Rathbones: 2% discount on unit trust Isa business including Rathbones Special Situations. 5.5% reduced to 3.5%.
MFS: 2% discount on three oeic funds until end of January including UK Equity fund. 1% discount from then until 6 April. 5% to 3% initial charge.
New Star: 1% discount on Pep and Isa transfers into its unit trust range until 5 April. Minimum £1,000 transfer. 5.25% reduced to 4.25%.
Invesco Perpetual: 2% discount on the initial charge on all Pep and Isa business until 5 April. 2% discount for all unit trust lump sum business for European and UK equity and bond funds.
Pavilion Asset Management: 1% discount on the UK growth and ethical Oeic funds to be launched on 21 January. Discount until 7 February. 5% reduced to 4%.
Framlington: Best of British packaged Isa combining UK Growth Trust run by Chris Murphy and UK Smaller Companies fund managed by Roger Whiteoak. 1% discount until April 5, plus if £7,000 is put into the Isa, investors will receives next year's Isa free of all initial charges. From 5.5% to 4.5%. It also has a 1% discount on its Biotech and Health Isas.
The majority of financial advisers (85%) believe the number of self-invested personal pension (SIPP) providers will continue to fall in the coming year, according to Dentons Pension Management research.
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