SG Asset Management is offering a 1% discount on all lump sums investments into its unit trusts, Isa...
SG Asset Management is offering a 1% discount on all lump sums investments into its unit trusts, Isas and Peps, for the month of June, writes Jenne Mannion.
Mikkel Bates, head of retail services at SGAM, said the discount celebrated two of the funds reaching their second year anniversary and a third being about to reach that milestone.
The standard charge of 5.25% on all retail funds is being discounted to 4.25% until 30 June. IFA commission is 3%. The annual charge is 1.5% on all unit trusts, with the exception of the Technology Fund, where the annual management fee is 1.75%. IFAs are offered 0.5% renewal commission on Peps and Isas.
The funds that have reached their second year anniversary are the £32.3m SocGen UK Growth fund, launched in March 1998 and managed by Peter Seabrook, and the frA rated £272.8m SocGen Technology fund, launched in May 1998 and managed by Alan Torry.
The UK Growth Fund is ranked 55th of 285 funds in the UK All Companies sector offer to bid to 31 May, and the Technology Fund is ranked sixth of 37 funds in the Specialist sector.
In July, the European Growth fund, managed by Stuart Gilmartin and Dino Fuschillo will also reach its second year anniversary.
The frAA rated £28.9m European Growth fund is ranked 12th of 103 funds offer to bid over one year to 31 May in the Europe excluding UK sector.
Pension savers need to engage with their retirement options far earlier than is currently normal to ensure they save enough through their lifetime, according to a report from the Association of British Insurers (ABI).
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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