Royal London Asset Management is to launch three Dublin-based products as part of an attempt to expa...
Royal London Asset Management is to launch three Dublin-based products as part of an attempt to expand its offshore range.
Stan Bland, head of retail business development at the group, said the plans include the launch of a property portfolio, a money market fund and a high yield bond fund. Royal London is currently awaiting regulatory approval for the funds. It is in negotiations for custodians and in the process of applying for Ucits approval.
Scottish Life International manager Richard Pardoe will run the property portfolio, Tom Meade, who manages Royal London's cash funds, will run the money market fund and Jonathan Platt, a fixed income manager at Royal London, will manage the high yield portfolio.
The offerings will be launched towards the end of the second quarter of 2002, according to Bland. Charging details will be available when custodians and Ucits approval are in place.
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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