Royal Skandia will be boosting its real estate offering with the addition of two property funds to i...
Royal Skandia will be boosting its real estate offering with the addition of two property funds to its offshore Self Select range from 4 May.
The M&G Property Fund and the New Star Property Unit Trust are both diversified commercial property funds, a sector that has been piquing investors' attention recently and Skandia hopes to make sales on the back of this interest.
Andrew Hicks, manager of the New Star fund, said: "Recent volatility in both equity and bond markets is a reminder that investors need a fully diversified portfolio."
He added: "We have seen a significant increase in the number of advisers now wishing to include commercial property in their clients' portfolios."
The New Star fund invests up to 80% in commercial property, with the rest of the portfolio comprising property shares.
The fund has two specialist property advisers. These are Andrew Hicks of Capital & Counties, who is responsible for the investment management of the properties and Robin White of Liberty International Asset Management who is responsible for the securities element of the portfolio.
The M&G fund has 20 holdings direct in a wide variety of property sectors, including offices, retail shops and industrial warehouses.
Phil Wagstaff, M&G head of UK retail said that the fund "will remain fully and directly invested in the market to the greatest extent possible at all times."
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.
Short-term noise or something sinister?
Royal ascent in May
Bought platform for £31m in 2016