Skandia is launching the second tranche of its fixed term Protected Multi-Manager Plan at the end of...
Skandia is launching the second tranche of its fixed term Protected Multi-Manager Plan at the end of the month.
The Plan offers two strategies each with a six and a quarter year term.
Both strategies invest in four underlying funds, Fidelity UK Special Situations, Schroder Mid-250, Invesco Perpetual Corporate Bond and Norwich Property. This breaks down as 25% of the portfolio in the Invesco and Norwich funds and 30% and 20% in the Fidelity and Schroder funds, respectively.
The maximum protection option offers 100% capital protection and the average quarterly returns of the underlying funds over the 25 quarter term.
The strategic growth option offers 80% capital protection and two times the average growth of the underlying investment funds.
The Plan is fully Isable and offers 3% commission to intermediaries. Minimum investment is £5,000 and the offer period runs from 28 May to 16 July.
Will remain until completion of OM's managed separation
Dispute over structure of combined group
Financial Guidance and Claims Bill
Favorable tax treatment
What made financial headlines over the weekend?