CGU is offering a 1.5% discount up to 10 March on its Global Success fund to be launched next week, ...
CGU is offering a 1.5% discount up to 10 March on its Global Success fund to be launched next week, writes Leo Bland.
The discount will reduce the initial charge to 3.75% from the standard 5.25% and applies to lump sums only. The minimum investment is £500. There will also be a 1% discount for investors between 10 March and 5 April, taking the initial charge to 4.25% from 5.25%.
Lump sum investors will also get a voucher for a 1.5% initial charge discount for the next tax year, for investments of £5,000 and over made by 5 May.
As previously reported in Investment Week, the Global Success fund is the relaunch of the Worldwide Growth fund and will focus on global investment. It will be run by Morley Fund Management, CGU's investment arm. Charles Brand, head of global equities at Morley, will head the team.
The themes the group has identified as critical for earnings success are demography, with an ageing population demanding a different range of goods and services such as pharmaceuticals and care at home, and connectivity, which is the impact of new forms of communication, such as digital TV and internet infrastructure.
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Client procurement costs ‘unsustainable’
Only 9,486 applied for the benefit in 12 months