Friendly Society Bonds

carnet

ReportInvestor wrote:

I'd be grateful. though, if you start a list of any FSs that currently outsource their fund management ?

Just discovered that Family Sovereign IV Fund (and likely their other funds too), in which I have a massive £10 investment via an ISA Bond they were doing a few years ago (pay first month then cancel DD and keep your membership ), is outsourced to New Star, which is a very highly regarded Fund Management House.

Although I know its not the same thing as a 10 year Savings Plan, Family Balanced and Family Regency UT/OEICS have fairly impressive performance figures within their sector (Balanced Managed) and I wouldn't be surprised if New Star or some such manage these.

Also, within the same sector, Scottish Friendly Managed Growth OEIC has even more impressive numbers - although I haven't yet tracked down who actually manages it - but I bet its outsourced as well !