Cazalet to act as consultant on with-profits fund from Circus

Life insurance analyst Ned Cazalet is to act as consultant on a fund of with-profits funds launched last month by Circus Capital. The Diversified Smooth Growth portfolio will invest in a range of with-profits funds from different institutions. The portfolio will be split 40%-70% equities, 20%-40% cash and bonds and 5%-15% commercial property. Cazalet said: 'In the past, some might have regarded one life company as much the same as another in terms of financial strength; now it is important for intermediaries and investors to take care when choosing a with-profits provider.' The fund...