News

The two OEIC funds, PanDYNAMIC Growth and PanDYNAMIC Balanced, use Evercore Pan-Asset’s asset allocation process that invests mainly in carefully selected ETFs, mirroring the investment approach of their successful PanDynamic Model Portfolios. By investing in low-cost index-tracking ETFs, the PanDynamic Funds aim to keep the overall cost of investing down to just 0.6% per annum for institutional and charity investors. The overall cost for retail investors may be higher.

 Evercore Pan-Asset’s Chief Executive, Christopher Aldous commented, “We’re delighted that the new funds are available on Ascentric from launch. The platform’s low costs coupled with the PanDYNAMIC funds’ low TERs should provide a compelling solution for IFAs and their clients.”

Richard Goodall, Sales and Marketing Director at Ascentric stated, “We are very pleased to be offering our users wider access to Evercore Pan-Asset’s funds. The Model Portfolio version of their funds has proven to be extremely popular and their availability now as OEICs should broaden their appeal still further.”
ENDS

For further information, please contact:

Ascentric
Dominic Ventham, Head of Marketing
Tel:               01225 787208       , Mobile               07590 227039       
Email: dominic.ventham@ascentric.co.uk

Issued by Concise Public Relations   
Tel               0207 100 3960       
Martin Wood
Mobile:                07946 527240       , Email: martin@concisepr.com
Liam Jenkins
Mobile               07984 439968       , Email: liam@concisepr.com

Notes to Editors

Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited.

Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK’s first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Independent Financial Advisers (IFAs) with a Wrap service under the brand name of Ascentric.

Ascentric is a whole of market Wrap service, available exclusively to IFAs and offers a fully integrated online investment management and dealing platform. It also enables IFAs to transfer their clients’ assets onto a single platform to provide them with the ability to manage their client’s financial needs in just one place. This is obviously a considerable enhancement to the existing, time-consuming practice of IFAs introducing their clients to a number of different product providers.

In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group.

For further information about Ascentric and Fundsdirect, please visit either www.ascentric.co.uk or www.fundsdirect.co.uk

Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:

• Scottish Life – UK pensions market
• Bright Grey – UK protection market
• Scottish Provident – UK protection market
• Royal London 360° – offshore investment markets
• RLAM – fund management
• RLAS – life and pensions administration
• Fundsdirect / Ascentric – funds supermarket; Wrap platform

Royal London also distributes life and pensions products through Santander’s UK branch networks.  

Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £35.9 billion.  Group businesses serve around 3.4 million customers and employ 2,800 people.  Figures quoted are as at 31 December 2009.