We've negotiated low investment management charges because we're investing a large amount of money on behalf of our members. The current annual fees are shown in the tables as a percentage, and as a monetary amount per £1,000 invested.
You pay the investment management charges but all the other costs associated with running the plan are met by Cable & Wireless.
Lifestyle equity fund
Description |
Charges |
Manager |
The equity fund provides access to the UK and overseas equity markets via index funds and aims to capture global equity market returns, as represented by the FTSE All-Share index in the UK and the FTSE World (ex-UK) index overseas. The fund is invested 30% in the UK and 70% in overseas equity markets. To reduce the impact on the fund's return of possible currency fluctuations, approximately 50% of the fund's overseas investment is currency hedged |
0.0425% a year
or £0.42 per £1,000 invested |
Legal & General Investment Management Limited |
Lifestyle & freestyle bond funds
Description |
Charges |
Manager |
The bond funds aim to provide a broadly based exposure to long-dated gilts, index-linked gilts and corporate bonds with the gilt funds tracking the FTSE-A Government (over 15 year) and the index-linked (over 5 year) indices respectively. The funds invest 50% in over 5 year index-linked gilts, 25% in over 15 year gilts, and 25% in AAA fixed interest over 15 year bonds |
0.0425% a year
or £0.42 per £1,000 invested |
Legal & General Investment Management Limited |
Lifestyle & freestyle cash funds
Description |
Charges |
Manager |
The cash funds deliver competitive rates of return from cash deposits and other short-term investments. They track the LIBID 7-day notice rate |
0.0425% a year
or £0.42 per £1,000 invested |
Legal & General Investment Management Limited |
Freestyle UK equity fund
Description |
Charges |
Manager |
The UK equity fund invests in shares of UK companies. The fund is actively managed against its performance benchmark of the FTSE All-share index. The fund follows a focused approach to selecting shares across small, medium and large companies where the manager believes the market has not recognised their potential. The fund works pro-actively with some 50 companies from the FTSE 350 index and around 30 smaller companies going through changes in their business which offer the prospect of strong growth in value to shareholders. |
0.75% a year
or £7.50 per £1,000 invested |
Prudential M&G |
Freestyle UK equity tracker fund
Description |
Charges |
Manager |
The UK equity tracker fund aims to capture the total return of the FTSE All-Share index to within + / - 0.25% a year for 2 years in 3 |
0.0425% a year
or £0.42 per £1,000 invested |
Legal & General Investment Management Limited |
Freestyle global equity fund
Description |
Charges |
Manager |
The global equity fund is actively managed and aims to provide capital growth from a portfolio of international securities. It has a diversified portfolio which takes strong positions in stocks and sectors. |
0.85% a year
or £8.50 per £1,000 invested |
MFS Investment Management |
Freestyle global equity tracker fund
Description |
Charges |
Manager |
The global equity tracker fund provides access to overseas equity markets via index funds. It aims to capture the total return of the FTSE World (ex-UK) index (less withholding tax) to within + / - 0.5% a year for 2 years in 3 |
0.0425% a year
or £0.42 per £1,000 invested |
Legal & General Investment Management Limited |
Freestyle diversified fund
Description |
Charges |
Manager |
The diversified fund invests 100% in the Schroder Life Intermediated Diversified Growth fund. The fund's objective is targeted return of RPI +5% a year over a 5 to 7 year period. The fund supports goals when there's a desire to grow assets to a similar extent as long-term investments, but with reduced volatility. It can invest in a broad array of asset classes, equities, bonds and a range of diversifiers. |
0.75% a year
or £7.50 per £1,000 invested |
Schroder Pension Management Limited |
Freestyle property fund
Description |
Charges |
Manager |
The property fund invests in commercial property in the UK. It aims to outperform the CAPS Pooled median index over rolling 3 and 5 year periods |
0.55% a year
or £5.50 per £1,000 invested |
Legal & General Investment Management Limited |
