Selestia, Old Mutual's online fund supermarket, is to add a selection of funds from Norwich Union an...
Selestia, Old Mutual's online fund supermarket, is to add a selection of funds from Norwich Union and Rathbones.
The funds, which are to be offered from January, are the Rathbone Capital Growth, Rathbone Income, Rathbone Smaller Companies, Rathbone Special Situations, Norwich Union Higher Income Plus and Morley European Focus funds.
Selestia, which launched on 1 November, is still in negotiations with Norwich Union to add a number of other funds. At launch it offered funds from 24 different fund management groups including Aberdeen, JPMorgan Fleming and SEI.
As a launch offer, Selestia will pay enhanced rates of commission for business introduced before 31 January. An extra 1% commission is payable on the usual 3% commission.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till