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24 February 2009
New ISA investment review and transfer kit from Clerical Medical
Clerical Medical has launched a new ISA transfer kit, designed to assist Independent Financial Advisers (IFAs) manage their clients' investments. It is the latest tact in Clerical Medical's ongoing commitment to make advisers' lives easier.
Why launch the service
£231 billion* has been invested in ISAs since 1999, but over the years clients may have accumulated ISA investments with various providers. Clearly, as market conditions change, they can impact the performance of the underlying investments. The current market conditions, along with increased regulatory focus, mean it's all the more important for advisers to review their clients' ISA investments.
What the service provides
Clerical Medical's new ISA transfer kit material provides all the support IFAs need to complete the review and transfer process, from approach to application. It provides a range of materials and tools that make it quicker and easier for advisers to contact their clients and review their current ISA investments.
The following material is now available to download from the Clerical Medical website.
https://ifa.clericalmedicalsecure.co.uk/Content/ISAtransferkit.aspx
Client approach e-mail/letter the IFAs can personlise for their clients
Client-facing flyer - ‘Is it time to review your ISA investments?’
Step by step guide to conducting an ISA transfer analysis
Fund flyers to help explain the Corporate Bond and Targeted Return Funds to clients
'How to' guides on reviewing and transferring ISA investments
Simplified Prospectus for the Clerical Medical Investment ISA
Application and transfer forms
Useful links for IFAs to the new range of fund factsheets
IFAs simply need to download the material, and send completed forms in to Clerical Medical. The customer service team will handle things from there.
John Van Der Wielen, Managing Director of Clerical Medical said: "The Clerical Medical ISA transfer kit provides a wealth of support materials to help IFAs review their clients ISAs in a timely and efficient way."
The service will support Clerical Medical's recent launch into the mutual funds market. Clerical Medical mutual funds can be used with the Clerical Medical Investment ISA or through the Cofunds platform.
Ends
Notes to Editor:
* £73bn invested in stocks and shares ISAs (IMA Dec 08) and £158bn in Cash ISAs (BoE Nov 2008)
The ISA transfer pack is available from:
https://ifa.clericalmedicalsecure.co.uk/Content/ISAtransferkit.aspx
*Clerical Medical Investment Solutions
Clerical Medical Investment Solutions launched in November 2008. It is a proposition designed to support IFAs run their business by providing an efficient and comprehensive range of services. It can improve IFAs' service to existing customers and assist in the introduction of new services.
There are three parts to Clerical Medical Investment Solutions:
A new range of Clerical Medical funds is available as life, pension, OEIC, ISA and offshore. The range covers the main asset classes and is split by risk category.
An investment committee that appointed new managers to run the fund mandates. The committee provides an ongoing fund monitoring service and communicates their finding to IFAs.
A state of the art Portfolio Architect tool to help IFAs with risk profiling their clients and the asset allocation and fund selection process
http://www.clericalmedical.co.uk/Business/Media/MZNewsReleases.asp
New Investment Committee and governance
The new Clerical Medical Investment Committee* was formed in November 2008 to ensure the successful delivery of Clerical Medical Investment Solutions, a proposition designed to support IFAs run their business by providing a choice of reliable funds to build appropriate and sophisticated investment portfolios for their clients.
http://www.clericalmedical.co.uk/Business/Media/MZDisplayRelease.asp?id=MZ2008_016
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