Bank of Scotland Investment Service is setting up a wrap account offering HBos customers access to S...
Bank of Scotland Investment Service is setting up a wrap account offering HBos customers access to Schroder, Newton and UBS Asset Management funds.
The account launches on 18 August with 10 funds available from the three groups.
Investors will be able to choose from two Schroders funds, Managed Gilt & Fixed Interest and Managed Index; five Newton funds, Managed UK Equity Income, International Growth, European, Far Eastern and Managed Opportunities; and three UBS portfolios, Managed Growth, North American and Smaller Companies.
These will sit alongside the Insight and Halifax fund ranges.
There is no front-end charge on the account and the annual management fee is capped at 1.25%, which drops to 0.5% for investments in excess of £500,000.
Consultation closing 15 September
Across all public sector schemes
Proceeds being returned to investors