Edinburgh Fund Managers is launching an investment trust PEP that invests in a range of 11 underlying investment trusts. Initial charges are pounds 30 plus VAT, waived until the end of April 1997, plus an annual management fee of 0.5 per cent. Minimum lump sum investments are pounds 250, or pounds 30 monthly. Call 0800 838993 for details.
Royal Bank of Scotland is launching a private medical insurance policy, offering four levels of medical cover, based on a choice of hospitals and excess options. The plan is jointly arranged with Guardian Health, a subsidiary of Guardian Royal Exchange. Call 0800 455565.
Gartmore, the fund manager, is scrapping initial charges into its range of investment trusts. Annual management charges will vary depending on the fund. Minimum monthly contributions are pounds 100, or pounds 1,500 for a lump sum.
Perpetual is launching an off-shore roll-up Income Accumulator fund, investing in bond and money markets. Income is reinvested gross. The fund is Jersey-based so that tax is only payable on encashment. The minimum contribution is pounds 1,500. There is a 3.25 per cent initial charge on bond funds, but none on the money market funds. Annual charges are 1 per cent. Call 01534 68448 for more details.
The Association of Investment Trust Companies is offering a free consumer fact sheet for savers considering the trusts for pension planning. Copies available by calling 0171 431 5222.Reuse content