UK: INVESTMENT FUNDS DIRECT DIVERSIFIES

Article Abstract:

Investment Funds Direct, direct funds supermarket giant, owned by GlobalNetFinancial, which operates in ten countries in Europe, as well as the UK, will diversify into the independent financial adviser (IFA) market. This, by a company with access to 95 fund managers offering 1,300 UK unit trusts, is potentially a great opportunity for IFAs. The company, which mainly markets to the general public via a business-to-consumer platform, is making an effort to attract European investors and also business from European banks, blue chip firms and leading financial institutions. It is planning to launch a self-invested personal pension (Sipp) product and include an equity offering.

Organizational history

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UK: Abbey National launches new funds

Article Abstract:

Three equity-linked funds have been introduced by Abbey National, providing customers with access to Abbey National Asset Managers and large asset managers. The funds are offered via the company's wealth management concern, Inscape, and are incorporated in the Abbey National Life Investment Bond. The funds comprise the Inscape Higher Growth, Inscape Steady Growth and Inscape Cautious Growth funds, covering a variety of rewards and risks.

Product introduction, Abbey National PLC

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