F&C Investments and Fusion Wealth join forces to offer share class
F&C Investments and Fusion Wealth have announced the launch of F&C Investments’ share class with investment protection on The Fusion Wealth Platform.
The “D” share class with investment protection is available on the F&C MM Lifestyle Funds and flagship F&C MM Navigator Distribution Fund, which are managed by F&C Investments multi-manager co-heads, Rob Burdett and Gary Potter. The F&C Investments “D” share class is designed to protect an investor’s original investment against a shortfall of up to £150,000 at death.
John Yule, head of UK Retail, F&C Investments, said: “We are pleased to announce this launch with The Fusion Wealth Platform, which is the first to make the “D” shares available. The share class provides professional advisers with an innovative and practical investment planning solution. This innovative, yet simple solution for clients can be used in a number of financial planning situations, including ISA consolidation and the trustee marketplace.”
Ian Cooke, CEO of Fusion said “We are constantly trying to innovate ahead of the curve in order to enhance the adviser’s service to the end consumer. Investment protection for an investor’s portfolio makes good sense and Fusion has built systems and controls to ensure speed of processing automatic communication between the adviser, F&C Investments, and the underlying insurer.”
Investors up to the age of 79 are able to buy into the protected share class on a whole of life basis, with no medical underwriting required. The annual management charge for the share class is 0.75% for the Lifestyle range, and 1 per cent for the Distribution Fund, just 0.25%higher than the corresponding funds’ standard B and C class shares.