Threadneedle Investments has launched a regular savings plan for Germany. From 10 September 2000 inve...
From 10 September 2000 investors can contribute a regular monthly subscription to a savings plan.
The minimum amount is E75 or DEM 150 per fund. The plan has an index feature which means if the investor wants to increase the amount of savings they would like in the plan, they can negotiate a rate at which they would like their savings plan to rise.
The plan includes automatic reinvestment of distributions, direct debit, fee structure same as for lump sum investments, flexibility in cancellation. The Threadneedle Savings Plan is a UK domiciled Open-Ended Investment Company.
David Sachon retail managing director at Threadneedle says: "We have launched this new savings scheme in response to German intermediary demand. We do not offer a regular savings scheme in the UK, as we have not found a high level of interest from intermediaries. A regular savings facility is a way to tap into additional customer and IFA segments which are emerging on the back of state pension uncertainties and the developing equity culture."
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