FINANCIAL TIMESSaturday 22 February 2020 FTMoney| 3NEWS
YTaking stockWhat would happen to my
shares if my broker went bust?PAGE 9J O S E P H I N E C U M B O
Thousands of wealthier pen-
sioners who amassed retire-
ment funds above the lifetime
allowance face being stung by
a second round of tax charges
under changes designed to
make pensions equal for men
andwomen.
The warning was issued by
experts following new guid-
ance this week from HM Reve-
nue & Customs on how
schemes should tackle the
legal requirement to equalise
pensions for millions of male
andfemalemembers.
Following a 2018 court rul-
ing, pension schemes have
been awaiting guidance from
tax authorities on how they
should deal with issues arising
for members whose pensions
get bigger as they are made
equal.
The decision affects millions
who saved into private sector
defined benefit schemes in the
1990s who could receive an
uplift if their pension is
adjustedtobemadeequal.
The key concern for mem-bers who have retired since
2006 is that this uplift could
causethemtobreachtheirlife-
time allowance (LTA), which
governs how much can be
saved or accrued in a pension
beforetaxchargesapply.
The LTA is currently
£1.055m but in 2006 it was
£1.8m.Sincethen,about5,000
individuals have paid tax
chargesforbreachingthecap.
Under the HMRC guidance,
members who had already
breached their LTA when they
retired could face further tax
charges of up to 55 per cent if
their pensions get bigger as a
result of equalisation adjust-
ments.
“For individuals in this situ-
ation, their lifetime allowance
tax charge will be revisited to
assess whether it is right,” said
Tom Yorath, partner and head
of GMP Equalisation services
at Aon, a professional services
firm. “Tax will be liable on the
new slice of pension in breach
oftheLTA.”
Mr Yorath said savers who
were just under the LTA when
they retired could also be at
risk.
“If they get an uplift from
equalisation, this could
push their pension benefit
above the LTA,” said MrYorath. “It could only be a
matter of a few pounds extra
pensiontodothis.”
However, HMRC also
allayed the fears of thousands
of wealthier pension savers
who had used “fixed protec-
tion” arrangements to insulate
their pension pots from reduc-
tionsintheLTA.In September last year, FT
Money reported concerns that
extra income from equalised
pensions could invalidate this
protection, potentially expos-
ing individuals to hefty tax
charges.
HMRC decided that people
with these arrangements
should not lose their protec-tion if their pension scheme
was tackling the guaranteed
minimum pension equalisa-
tionissueinoneofasetofways
known as the “dual records”
methods, said Sir Steve Webb,
partnerwithLaneClark&Pea-
cock, an actuarial consulting
firm.
“But for schemes consider-ing tackling this issue through
GMP ‘conversion’ there is still
no clarity about the position of
members on protection or
other wider pensions tax con-
cerns.
“Although these are com-
plex issues, we do need HMRC
to provide reassurance or
solutionsassoonaspossible.”PENSIONS
HMRC guidance on
equalisation of men’s
and women’s schemes‘A few pounds’ could trigger pension tax charge
J O S E P H I N E C U M B OInvestment options for savers
wanting to manage their own
retirement pots have widened
with the launch of a new low-
cost personal pension from
Vanguard, one of the world’s
largest asset managers.
The Vanguard Self Invested
Personal Pension (Sipp)
opened this week with an
account fee of 0.15 per cent
capped at £375 across all
accounts held in the investor’s
name, including Isas and gen-
eralinvestmentaccounts.
Platforum, an independent
research company, said the
Vanguard Sipp was one of
the lowest cost options in the
market.
Platforum looked at fees for
an investor able to invest the
maximum £40,000 annual
Sipp contribution into one of
Vanguard’s single-fund retire-
ment solutions — a Vanguard
TargetRetirementFund.
Platforumcalculatedthatan
investor would pay just £172 ayear in total charges including
fund fees, transaction costs,
and Sipp charges compared
with as much as £396 in total
on the UK’s most expensive
platform.
“Pension investing is a long-
term activity and when fees
are low, outcomes are signifi-
cantly improved,” said Jeremy
Fawcett,headofPlatforum.
Market observers expected
strong interest in the new low-
costSipp.
“We talk to investors on an
ongoing basis and a significant
number have reported that
they will move once the Van-
guard Sipp opens,” said Holly
Mackay, founder of Boring
Money, an independent
investment website for con-
sumers.
The Vanguard Sipp is ini-
tially only available to savers
who are still building their
pensions, or in accumulation,
but is expected to open to reti-
rees drawing on their pensions
from the start of the 2020/21
taxyear.Vanguard unveils
Sipp charges
14 | FTMoney FINANCIAL TIMESSaturday22 February 2020
MANAGED FUNDS SERVICE
Fund Bid Offer D+/- Yield
Amity Balanced For Charities A Inc 113.40 - 0.40-
Amity European Fund Cls A Inc 270.50 - 2.50-
Amity European Fund Cls B Inc 273.00 - 2.50-
Amity Global Equity Inc for Charities A Inc 146.00 - 1.40-
Amity International Cls A Inc 299.00 - 3.00-
Amity International Cls B Inc 301.40 - 3.00-
Amity Sterling Bond Fund A Inc 107.00 - 0.10-
Amity Sterling Bond Fund B Inc 118.70 - 0.10-
Electric & General (1000)F (UK)
Stuart House St.John's Street Peterborough PE1 5DD
Orders & Enquiries: 0845 850 0255
Authorised Inv Funds
Authorised Corporate Director - Carvetian Capital Management
Electric&General Net Accumulation 250.90 - -2.30-
Electric&General Net Income A 249.70xd - -2.201.17
Ennismore Smaller Cos Plc (IRL)
5 Kensington Church St, London W8 4LD 020 7368 4220
FCA Recognised
Ennismore European Smlr Cos NAV£133.82 - 1.24 0.00
Ennismore European Smlr Cos NAV€159.53 - 0.43 0.00
Ennismore European Smlr Cos Hedge Fd
Other International Funds
NAV €597.10 - -5.620.00
Equinox Fund Mgmt (Guernsey) Limited (GSY)
Regulated
Equinox Russian Opportunities Fund Limited$198.18 - 12.25-
Euronova Asset Management UK LLP (CYM)
Regulated
Smaller Cos Cls One Shares € 49.60 - 0.91 0.00
Smaller Cos Cls Two Shares € 32.87 - 0.53 0.00
Smaller Cos Cls Three Shares € 16.55 - 0.27 0.00
Smaller Cos Cls Four Shares € 21.27 - 0.35 0.00
FIL Investment Services (UK) Limited (1200)F(UK)
130, Tonbridge Rd, Tonbridge TN11 9DZ
Callfree: Private Clients 0800 414161
Broker Dealings: 0800 414 181
OEIC Funds
Allocator World Fund Y-ACC-GBP£ 2.22 - -0.02 -
American Special Sits W-ACC-GBP£ 16.53 - -0.10 -
Asia Pacific Ops W-Acc £ 2.24 - -0.03 -
Asian Dividend Fund W-ACC-GBP£ 2.01 - -0.03 -
China Consumer Fund W-ACC-GBP£ 3.14 - -0.06 -
Emerging Asia Fund W-ACC-GBP £ 1.67 - -0.03 -
Enhanced Income Fund W-INC-GBP£ 0.97 - 0.00 -
European Fund W-ACC-GBP £ 19.12 - -0.15 -
Extra Income Fund Y-ACC-GBP £ 1.42 - 0.01 3.18
FID INST - Emerging Markets Fund W-ACC-GBP£ 1.73 - -0.03 -
Fidelity American Fund W-ACC-GBP£ 49.79 - -0.58 -
Fidelity Asia Fund W-ACC-GBP £ 15.02 - -0.26 -
Fidelity Cash Fund Y-ACC-GBP £ 1.02 - 0.00 -
FID Emerg Europe, Middle East and Africa Fund W-ACC-GBP£ 2.32 - -0.043.03
Fidelity European Opportunities W Acc£ 5.01 - -0.04 -
Fidelity Global Enhanced Income Fund W-ACC-GBP£ 2.01 - -0.01 -
Fidelity Global Focus Fund W-ACC-GBP£ 27.57 - 0.02-
Fidelity Global High Yield Fund Y-ACC-GBP£ 15.63 - 0.00 -
Fidelity Japan Fund W-ACC-GBP £ 4.14 - -0.02 -
Fidelity Japan Smaller Companies Fund W-ACC-GBP£ 3.37 - -0.02 -
Fidelity Multi Asset Income Fund W Acc£ 1.10 - 0.00 2.58
Fidelity Select 50 Balanced Fund PI-ACC-GBP£ 1.12 - 0.01-
Fidelity Special Situations Fund W-ACC-GBP£ 37.90 - -0.22 -
Short Dated Corporate Bond Fund Y ACC GBP£ 10.85 - 0.00 -
Fidelity Sustainable Water & Waste W Acc£ 1.09 - -0.01 -
Fidelity UK Growth Fund W-ACC-GBP£ 3.34 - -0.05 -
Fidelity UK Select Fund W-ACC-GBP£ 3.46 - -0.02 -
Global Dividend Fund W-ACC-GBP£ 2.56 - -0.02 -
Global Property Fund W-ACC-GBP£ 2.18 - 0.00 -
Global Special Sits W-ACC-GBP £ 45.43 - -0.54 -
Index Emerging Markets P-Acc £ 1.63 - -0.03 -
Index Europe ex UK P-Acc £ 1.61 - -0.02 -
Index Japan P-Acc £ 1.69 - -0.01 -
Index Pacific ex Japan P-Acc £ 1.71 - -0.02 -
Index UK P-Acc £ 1.43 - -0.02 -
Index US P-Acc £ 2.60 - -0.04 -
Index World P-Acc £ 2.13 - -0.03 -
MoneyBuilder Balanced Y-ACC-GBP£ 0.62 - 0.00 -
MoneyBuilder Dividend Y-INC-GBP£ 1.34 - -0.01 -
MoneyBuilder Income Fund Y-ACC-GBP£ 14.31 - 0.01-
Multi Asset Allocator Adventurous Fund Y-ACC-GBP£ 1.87 - -0.02 -
Multi Asset Allocator Defensive Fund Y-ACC-GBP£ 1.39 - 0.01-
Multi Asset Allocator Growth Fund Y-ACC-GBP£ 1.73 - 0.00 -
Multi Asset Income Fund W-INC-GBP£ 1.11 - 0.00 4.13
Multi Asset Allocator Strategic Fund Y-ACC-GBP£ 1.58 - 0.00 -
Multi Asset Open Advent W-ACC-GBP£ 1.53 - -0.010.00
Multi Asset Open Defen W-ACC-GBP£ 1.32 - 0.00 0.00
Multi Asset Open Growth Fund W-ACC-GBP£ 1.46 - -0.010.00
Multi Asset Open Strategic Fund W-ACC-GBP£ 1.42 - 0.00 0.00
Open World Fund W-ACC-GBP £ 1.86 - -0.010.00
Strategic Bond Fund Y-ACC-GBP £ 1.32 - 0.00 -
UK Opportunities Fund W-ACC-GBP 254.70 - -1.201.26
UK Smaller Companies W-ACC-GBP£ 2.78 - 0.00 -
Institutional OEIC Funds
America £ 7.14 - -0.08 -
Emerging Markets £ 5.23 - -0.09 -
Europe (ex-UK) Fund ACC-GBP £ 6.41 - -0.06 -
Fund Bid Offer D+/- Yield
Fidelity Pre-Retirement Bond Fund£158.00 - 0.30 -
Global Focus £ 5.38 - -0.04 -
Index Linked Bond Gross £ 4.51 - 0.02 0.10
Japan £ 3.20 - -0.02 -
Long Bond Gross £ 1.19 - 0.01 1.66
Pacific (Ex Japan) £ 5.43 - -0.07 -
Select Emerging Markets Equities£ 2.05 - -0.04 -
Select Global Equities £ 5.05 - -0.06 -
South East Asia £ 6.24 - -0.10 -
Sterling Core Plus Bond Gr Accum£ 3.03 - 0.01-
UK £ 4.72 - -0.02 -
UK Aggreg Bond Gr Accum £ 2.35 - 0.00 -
Sterling Corporate Bond - Gross £ 2.93 - 0.01-
UK Gilt Gross £ 2.54 - 0.00 1.33
Sterling Long Corp Bond - Gross £ 3.61 - 0.03-Findlay Park Funds Plc (IRL)
30 Herbert Street, Dublin 2, Ireland Tel: 020 7968 4900
FCA Recognised
American Fund USD Class $143.28 - -0.81 -
American Fund GBP Hedged £ 73.48 - -0.420.00
American Fund GBP Unhedged £111.23 - -0.01 -First State Investments (UK) (1200)F (UK)
23 St Andrew Square, Edinburgh, EH2 1BB
[email protected]
Client Services: 0800 587 4141 Dealing Line: 0800 587 3388
Authorised Funds
Asia-All Cap Acc GBP £ 1.59 - -0.03 -
Asia Focus Acc GBP £ 2.01 - -0.02 -
Diversified Growth B Acc £ 1.26 - 0.00 -
Emerging Markets Bond A Accumulation£ 1.44 - 0.00 4.81
Emerging Markets Bond A Income£ 1.00 - 0.00 5.00
Global Listed Infrastructure Acc 314.97 - -1.19 -
Global Listed Infrastructure Inc 214.60 - -0.80 -
Global Property Securities A Accumulation 265.85 - 0.61 -
Global Property Securities A Income 186.83 - 0.42 -
Greater China Growth A Shares 946.70 - -15.42 -
Japan Focus Acc GBP £ 1.97 - -0.02 -Foord Asset Management
Website: http://www.foord.com - Email: [email protected]
FCA Recognised - Luxembourg UCITS
Foord International Fund | R $ 43.85 - 0.01-
Foord Global Equity Fund (Lux) | R$ 14.36 - -0.07 -
Regulated
Foord Global Equity Fund (Sing) | B$ 17.63 - -0.08 -
Foord International Trust (Gsy) $ 43.52 - 0.01-Franklin Templeton International Services Sarl(IRL)
JPMorgan House - International Financial Services Centre,Dublin 1, Ireland
Other International Funds
Franklin Emerging Market Debt Opportunities Fund Plc
Franklin Emg Mkts Debt Opp CHFSFr16.18 - 0.03 9.64
Franklin Emg Mkts Debt Opp GBP£ 10.43 - 0.05 6.97
Franklin Emg Mkts Debt Opp SGDS$ 22.63 - 0.20 5.13
Franklin Emg Mkts Debt Opp USD$ 17.77 - 0.08 6.88Asset Management Asset Management
Asset Management
Asset Management
Asset Management Asset ManagementAsset Management
Asset Management
Fundsmith LLP (1200)F (UK)
PO Box 10846, Chelmsford, Essex, CM99 2BW 0330 123 1815
http://www.fundsmith.co.uk, [email protected]
Authorised Inv Funds
Fundsmith Equity T Acc 492.86 - -5.82 -
Fundsmith Equity T Inc 452.10 - -5.34 -GAM
[email protected], http://www.funds.gam.com
Regulated
LAPIS GBL TOP 50 DIV.YLD-Na-D £112.65 - 0.27 2.75
LAPIS GBL F OWD 50 DIV.YLD-Na-D£102.19 - 0.24 -Genesis Investment Management LLP
Other International Funds
Emerging Mkts NAV £ 7.21 - -0.160.00Fund Bid Offer D+/- YieldGlobal Investment House
Global GCC Islamic USD $113.86 - 1.67 0.00
Global GCC Large Cap Fund $177.93 - 3.46 0.00
Global Saudi Equity Fund SR276.30 - 4.60 0.00HPB Assurance Ltd
Anglo Intl House, Bank Hill, Douglas, Isle of Man, IM1 4LN 01638 563490
International Insurances
Holiday Property Bond Ser 1 £ 0.52 - 0.00 0.00
Holiday Property Bond Ser 2 £ 0.64 - -0.010.00Hermes Property Unit Trust (UK)
Property & Other UK Unit Trusts
Property £ 6.68 7.18 0.00 -Intrinsic Value Investors (IVI) LLP (IRL)
1 Hat & Mitre Court, 88 St John Street, London EC1M 4EL +44 (0)20 7566 1210
FCA Recognised
IVI European Fund EUR € 24.88 - -0.20 -
IVI European Fund GBP £ 27.79 - 0.02 -Janus Henderson Investors (UK)
PO Box 9023, Chelmsford, CM99 2WB Enquiries: 0800 832 832
http://www.janushenderson.com
Authorised Inv Funds
Janus Henderson Asia Pacific Capital Growth Fund A Acc 1186.00 - -19.00 -
Janus Henderson Asian Dividend Income Unit Trust Inc 102.10 - -1.60 -
Janus Henderson Cautious Managed Fund A Acc 283.60 - -0.50 -
Janus Henderson Cautious Managed Fund A Inc 152.30 - -0.20 -
Janus Henderson China Opportunities Fund A Acc 1503.00 - -24.00 -
Janus Henderson Emerging Markets Opportunities Fund A Acc 204.70 - -3.60 -
Janus Henderson European Growth Fund A Acc 243.40 - -2.50 -
Janus Henderson European Selected Opportunities Fund A Acc 1833.00 - -18.00 -
Janus Henderson Fixed Interest Monthly Income Fund Inc 22.69 - 0.00 -
Janus Henderson Global Equity Fund Acc 3791.00 - -40.00 -
Janus Henderson Global Equity Income Fund A Inc 63.54 - -0.59 -
Janus Henderson Global Sustainable Equity Fund A Inc 381.20 - -4.40 -
Janus Henderson Global Technology Fund A Acc 2440.00 - -35.00 -
Janus Henderson Multi-Asset Absolute Return Fund A Acc 146.20 - 0.10 0.78
Janus Henderson Multi-Manager Active Fund A Acc 241.10 - -1.30 -
Janus Henderson Multi-Manager Distribution Fund A Inc 138.60 - 0.10 -
Janus Henderson Multi-Manager Diversified Fund A Acc 91.87 - 0.18 -
Janus Henderson Multi-Manager Global Select Fund Acc 267.50 - -1.30 -
Janus Henderson Multi-Manager Income & Growth Fund A Acc 189.70 - 0.10 -
Janus Henderson Multi-Manager Income & Growth Fund A Inc 158.80 - 0.10 -
Janus Henderson Multi-Manager Managed Fund A Acc 300.70 - -1.50 -
Janus Henderson Multi-Manager Managed Fund A Inc 291.10 - -1.50 -
Janus Henderson Sterling Bond Unit Trust Acc 244.00 - 0.10 -
Janus Henderson Sterling Bond Unit Trust Inc 69.35 - 0.05 -
Janus Henderson Strategic Bond Fund A Inc 127.80 - 0.10 -
Janus Henderson UK & Irish Smaller Companies Fund A Acc 688.00 - -1.40 -
Janus Henderson UK Absolute Return Fund A Acc 161.70 - 0.10 0.00
Janus Henderson UK Alpha Fund A Acc 157.50 - -0.80 -
Janus Henderson UK Equity Income & Growth Fund A Inc 557.80 - -2.604.69
Janus Henderson UK Index Fund A Acc 645.20 - 1.20 3.04
Janus Henderson UK Property PAIF A Acc£ 2.38 2.51 0.00 -
Janus Henderson UK Property PAIF A Inc£ 1.01 1.07 0.00 -
Janus Henderson UK Tracker Fund A Acc 289.30 - 0.60 3.22
Janus Henderson US Growth Fund A Acc 1465.00 - -15.00 -Asset Management Asset Management
Asset Management
Asset Management
Asset Management Asset ManagementAsset Management
Asset Management
Kames Capital ICVC (UK)
Kames House, 3 Lochside Crescent, Edinburgh, EH12 9SA
0800 358 3009 http://www.kamescapital.com
Authorised Funds
Kames Global Equity GBP B Acc £ 2.61 - -0.02 -
Diversified Monthly Inc B Acc 157.43 - -0.384.57
Diversified Monthly Inc B Inc 116.31 - -0.284.69
Diversified Growth B Acc £ 1.75 - 0.00 2.63
Ethical Cautious Managed B Acc £ 1.49 - 0.00 1.64
Ethical Cautious Managed B Inc £ 1.30 - 0.00 1.66
Ethical Corporate Bond B Acc £ 2.09 - 0.00 2.54
Ethical Corporate Bond B Inc £ 1.08 - 0.00 2.54
Ethical Equity B Acc £ 2.61 - 0.00 1.69
High Yield Bond B Acc £ 3.08 - 0.00 4.45
High Yield Bond B Inc £ 1.00 - 0.00 4.45
Investment Grade Bond B Acc 194.69 - 0.01 1.64
Investment Grade Bond B Inc £ 1.30 - 0.00 2.14
Sterling Corporate Bond B Acc £ 0.92 - 0.00 2.58
Sterling Corporate Bond B Inc £ 0.35 - 0.00 2.58
Strategic Bond B Acc £ 1.37 - 0.00 1.61
Strategic Bond B Inc £ 1.30 - 0.00 1.61
UK Equity B Acc £ 3.34 - -0.012.30
UK Equity Absolute Return B Acc £ 1.21 - 0.00 0.00
UK Equity Income B Acc £ 2.84 - -0.014.51
UK Equity Income B Inc £ 1.82 - -0.014.65
UK Opportunities B Acc £ 2.35 - 0.00 1.01
UK Smaller Companies B Acc £ 4.42 - -0.011.32Fund Bid Offer D+/- YieldKames Capital Investment Portfolios ICVC(UK)
Kames House, 3 Lochside Crescent, Edinburgh EH12 9SA
0800 358 3009 http://www.kamescapital.com
Authorised Funds
Property Income B Acc 127.65127.65-0.014.37
Property Income B Inc 97.92 97.92-0.014.48Kames Capital VCIC (IRL)
1 North Wall Quay, Dublin 1, Ireland +35 3162 24493
FCA Recognised
Absolute Return Bond B GBP Acc 1131.36 - -0.091.70
High Yield Global Bond A GBP Inc 522.61 - -0.083.65
High Yield Global Bond B GBP Inc 1112.41 - -0.154.29
Kames Global Equity Income B GBP Acc 1978.56 - -19.050.00
Kames Global Equity Income B GBP Inc 1455.44 - -8.323.19
Kames Global Equity Market Neutral Fund - B Acc GBP£ 10.47 - 0.00 0.00
Kames Inv Grd Gbl Bond A Inc GBH 606.21 - 1.53 1.74
Global Sustainable Equity B Acc GBP£ 20.29 - -0.13 -
Global Sustainable Equity C Acc GBP£ 20.52 - -0.13 -
Short Dated High Yld Bd B Acc GBP£ 10.68 - 0.00 -
Short Dated High Yld Bd C Acc GBP (Hdg)£ 10.77 - 0.01 -
Strategic Global Bond A GBP Inc 1190.33 - 1.55 0.75
Strategic Global Bond B GBP Inc 675.44 - 0.88 1.39Kleinwort Hambros Bank Limited (UK)
5TH Floor, 8 St James's Square, London, SW1Y 4JU
Dealing and enquiries: 033 0024 0785
Authorised Inv Funds
Unit Trust Manager/ACD - Host Capital
HC Kleinwort Hambros Growth A Acc 231.78 - 1.16 1.36
HC Kleinwort Hambros Growth A Inc 210.29 - 1.06 1.38
HC Kleinwort Hambros Equity Income A Inc 107.95 - 0.84 3.06
HC Kleinwort Hambros Equity Income A Acc 192.81 - 1.50 4.50
HC Kleinwort Hambros Multi Asset Balanced A Acc 174.99 - 0.71 0.81
HC Kleinwort Hambros Multi Asset Balanced A Inc 165.40 - 0.67 0.81
HC Kleinwort Hambros Fixed Income A Acc 137.20 - 0.08 3.44
HC Kleinwort Hambros Fixed Income A Inc 110.98 - 0.07 3.44Lazard Fund Managers Ltd (1200)F (UK)
P.O. Box 364, Darlington, DL1 9RD
Dealing: 0870 6066408, Info: 0870 6066459
Authorised Inv Funds
Lazard Investment Funds (OEIC) B Share Class
Developing Markets Acc 128.72 - -2.60 -
Developing Markets Inc 126.78 - -2.57 -
Emerging Markets Acc 342.87 - -6.25 -
Emg Mkts Inc 283.84 - -5.18 -
European Alpha Acc 923.67 - -8.79 -
European Alpha Inc 808.04 - -7.68 -
European Smaller Cos Acc 648.93 - -5.08 -
Global Equity Income Acc 189.58 - -1.70 -
Global Equity Income Inc 105.08 - -0.94 -
Managed Bal Inc 182.19 - -0.85 -
UK Income Acc 1516.00 - -4.89 -
UK Income Inc 616.37 - -1.99 -
UK Omega Acc 260.66 - -0.95 -
UK Omega Inc 227.26 - -0.83 -
UK Smaller Cos Inc 2260.51 - -5.12 -Lloyds Investment Fund Managers Limited (1000)F(JER)
PO Box 311, 11-12 Esplanade, St Helier, Jersey, JE4 8ZU 01534 845555
Other International Funds
Lloyds Investment Funds Limited
Euro High Income €1.5880xd - 0.00302.42
High Income £0.8876xd - 0.00213.69
Sterling Bond £1.6100xd - 0.00502.03
Lloyds Multi Strategy Fund Limited
Conservative Strategy £1.3480 - 0.00400.00
Growth Strategy £1.9690 - 0.00400.00
Aggressive Strategy £2.6860 - 0.00300.00
Global USD Growth Strategy $1.7830 - -0.00200.00
Dealing DailyLothbury Property Trust (UK)
155 Bishopsgate, London EC2M 3TQ +44(0) 20 3551 4900
Property & Other UK Unit Trusts
Lothbury Property Trust GBP £1932.802090.58-1.78 -M & G Securities (1200)F (UK)
PO Box 9038, Chelmsford, CM99 2XF
http://www.mandg.co.uk/charities Enq./Dealing: 0800 917 4472
Authorised Inv Funds
Charifund Inc 1626.81 - -4.295.12
Charifund Acc 27638.18 - -72.934.96
M&G Charibond Charities Fixed Interest Fund (Charibond) Inc£ 1.24 - 0.00 -
M&G Charibond Charities Fixed Interest Fund (Charibond) Acc£ 41.68 - -0.01 -
M&G Charity Multi Asset Fund Inc£ 0.90 - 0.00 -
M&G Charity Multi Asset Fund Acc£ 95.87 - -0.30 -MMIP Investment Management Limited (GSY)
Regulated
Multi-Manager Investment Programmes PCC Limited
UK Equity Fd Cl A Series 01 £2969.893004.75-146.000.00
Diversified Absolute Rtn Fd USD Cl AF2$1661.81 - 28.220.00Fund Bid Offer D+/- Yield
Diversified Absolute Return Stlg Cell AF2£1587.27 - 22.880.00
Global Equity Fund A Lead Series£1575.741580.91-25.050.00Marlborough Fd Managers Ltd (1200)F (UK)
Marlborough House, 59 Chorley New Road, Bolton, BL1 4QP 0808 145 2500
http://www.marlboroughfunds.com
Authorised Inv Funds
Balanced 215.47215.470.44 0.24
Bond Income 52.37 52.370.02 3.17
Cautious Inc 92.29 92.29-0.012.29
Emerging Markets 317.12317.12-5.561.06
ETF Commodity A 75.62 75.62-0.560.00
European Multi-Cap 506.43506.43-5.391.15
Extra Income 88.98 88.98-0.283.90
Far East Growth A Inc 228.35228.35-3.981.39
Global 270.54270.54-0.320.00
Global Bond Inc 158.87158.87-1.682.18
High Yield Fixed Interest 73.60 73.60 0.00 3.75
Multi Cap Income A Inc 162.39162.39-0.214.33
Nano-Cap Growth A Acc 159.3132175.9600145.48670.00
Special Situations A Acc 1777.681777.685.58 0.38
UK Multi-Cap Growth A Inc 371.77371.770.38 0.00
UK Micro Cap Growth A 812.89812.891.77 0.00
US Multi-Cap Income 639.01639.01-6.271.30
MFM - Third Party Funds
Junior Oils 53.35 53.35-0.360.00
Junior Gold C Acc 31.88 31.88-0.200.00
MFM Bowland 295.93295.932.95 0.87
MFM Hathaway Inc 159.95159.951.00 0.88
MFM Techinvest Special Situations Acc 178.84178.844.67 0.00
MFM Techinvest Technology Acc 646.04646.043.32 0.00
MFM UK Primary Opportunities A Inc 446.95446.95-1.261.69Marwyn Asset Management Limited (CYM)
Regulated
Marwyn Value Investors £340.40 - -14.660.00McInroy & Wood Portfolios Limited (UK)
Easter Alderston, Haddington, EH41 3SF 01620 825867
Authorised Inv Funds
Balanced Fund Personal Class Units 5236.10 - -38.401.47
Income Fund Personal Class Units 2736.20 - -15.802.96
Emerging Markets Fund Personal Class Units 2218.40 - -34.501.66
Smaller Companies Fund Personal Class Units 6010.50 - -18.901.23Milltrust International Managed Investments ICAV(IRL)
[email protected], +44(0)20 8123 8369 http://www.milltrust.com
Regulated
MAI - Buy & Lease (Australia) A$102.52 - 2.25 0.00
MAI - Buy & Lease (New Zealand)NZ$97.29 - 0.06 0.00
British Innovation Fund £100.02 - 3.18 0.00
Milltrust Global Emerging Markets Fund - Class A$ 94.61 - 0.34-Ministry of Justice Common Investment Funds(UK)
Property & Other UK Unit Trusts
The Equity Idx Tracker Fd Inc 1856.001856.00-2.00 -
Distribution UnitsMirabaud Asset Management (LUX)
http://www.mirabaud.com, [email protected]
Conviction based investment vehicles details available here http://www.mirabaud-am.com
Regulated
Mir. - Glb Strat. Bd I USD $116.99 - 0.04-
Mir. - DiscEur D Cap GBP £154.57 - 1.12 0.00
Mirabaud - UK Equity High Alpha£140.79 - 0.53-Morgens Waterfall Vintiadis.co Inc
Other International Funds
Phaeton Intl (BVI) Ltd (Est) $604.38 - 17.560.00New Capital UCITS Fund PLC (IRL)
Leconfield House, Curzon Street, London, W1J 5JB
http://www.newcapitalfunds.com
FCA Recognised
New Capital UCITS Funds
New Capital China Equity Fund $181.82 - 0.69-Fund Bid Offer D+/- Yield
New Capital Dynamic European Equity Fund€139.18 - 1.22 0.00
New Capital Dynamic UK Equity Fund£126.58 - 1.31-
New Capital Global Alpha Fund £112.41 - 0.19 0.00
New Capital Global Equity Conviction Fund$156.19 - 0.86-
New Capital Global Value Credit Fund$153.05 - 0.06-
New Capital Japan Equity Fund ¥1254.52 - 10.650.00
New Capital US Growth Fund $338.57 - 3.31 0.00
New Capital US Small Cap Growth Fund$157.72 - 1.09 0.00
New Capital Wealthy Nations Bond Fund$147.06 - 0.15-Northwest Investment Management (HK) Ltd
11th Floor, Kinwick Centre, 32, Hollywood Road, Central Hong Kong +852 9331 9220
Other International Funds
Northwest China Opps Class T $ $2830.65 - 17.760.00
Northwest Feilong Class T $ $2005.18 - 24.030.00
Northwest Fund Class T $ $2615.42 - 18.910.00
Northwest Warrant Class A $ $1330.60 - 12.110.00Oasis Crescent Management Company Ltd
Other International Funds
Oasis Crescent Equity Fund R 10.95 - -0.071.03Oasis Global Mgmt Co (Ireland) Ltd (IRL)
Regulated
Oasis Crescent Global Investment Fund (Ireland) plc
Oasis Crescent Global Short Term Income Fund I - Class A Dist$ 0.99 - 0.00 -
Oasis Crescent Global Equity Fund$ 33.06 - -0.22 -
Oasis Crescent Variable Balanced Fund£ 10.00 - -0.010.11
OasisCresGl Income Class A $ 10.95 - 0.01-
OasisCresGl LowBal D ($) Dist $ 12.51 - -0.020.97
OasisCresGl Med Eq Bal A ($) Dist$ 13.40 - -0.030.40
Oasis Crescent Gbl Property Eqty $ 9.25 - 0.08 1.46Omnia Fund Ltd
Other International Funds
Estimated NAV $701.46 - -46.050.00Oryx International Growth Fund Ltd
Other International Funds
NAV (Fully Diluted) £ 9.10 - -0.52 -Orbis Investments (U.K.) Limited (GBR)
28 Dorset Square, London, NW1 6QG
http://www.orbis.com 0800 358 2030
Regulated
Orbis OEIC Global Cautious Standard£ 10.33 - 0.00 -
Orbis OEIC Global Balanced Standard£ 14.81 - -0.01 -
Orbis OEIC Global Equity Standard£ 17.87 - -0.06 -
Orbis OEIC UK Equity Standard £ 8.72 - -0.030.00Pictet Asset Management (Europe) SA (LUX)
15, Avenue J.F. Kennedy L-1855 Luxembourg
Tel: 0041 58 323 3000
FCA Recognised
Pictet-Absl Rtn Fix Inc-HI EUR €112.06 - 0.11 0.00
Pictet-Asian Equities Ex Japan-I USD F$329.50 - -3.630.00
Pictet-Asian Local Currency Debt-I USD F$180.64 - -0.340.00
Pictet-Biotech-I USD F $950.82 - -5.590.00
Pictet-CHF Bonds I CHF SFr522.80 - 0.42 0.00
Pictet-China Index I USD $163.81 - -0.610.00
Pictet-Clean Energy-I USD F $121.46 - -0.240.00
Pictet-Digital-I USD F $482.13 - -8.020.00
Pictet-Em Lcl Ccy Dbt-I USD F $186.28 - -0.910.00
Pictet-Emerging Europe-I EUR F €501.79 - -4.610.00
Pictet-Emerging Markets-I USD F $722.34 - -3.650.00
Pictet-Emerging Markets Index-I USD F$309.22 - -2.490.00
Pictet-Emerging Corporate Bonds I USD$142.04 - 0.15 0.00
Pictet-Emerging Markets High Dividend I USD$142.61 - -0.620.00