Investments

Open ended investment company (OEIC)

Very similar to unit trusts in that monies from individual investors are "pooled" into a professionally managed fund with specific investment objectives.

However, instead of operating under a trust deed, an OEIC has a company structure and issues shares instead of units.

They also have a different pricing structure, with a single price quoted rather than the bid/offer system used by unit trusts

They offer greater freedom for switching within a range of sub-funds under one umbrella, which also has different share classes to appeal to private and institutional investors
They operate under similar regulations to unit trusts with the same protections for investors and the same favourable capital gains tax exemption for dealings within the fund.

Investment section links:

Web site design by Milnes Design

Wardour is a trading name of Honister Partners Ltd. Honister Partners Ltd is an appointed representative of Sage Financial Services Ltd, which is authorised and regulated by the Financial Services Authority.

Sage Financial Services is entered on the FSA register under reference 150452. The information and content of this site is intended for UK consumers only, and is subject to the UK regulatory regime. The FSA do not regulate some forms of mortgages, tax advice or debt management services.

Honister Partners Ltd. Registered Office 1 Nicholas Street, London W11 4AN. Registered in England and Wales no. 06923303.