Hayburn Rock Associates Ltd

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• Risk and Reward
• Unit Trusts
• OEICs
• Investment Trusts
• Government Gilts
• Corporate Bonds
• Whole of life
• Term Assurance
• Business Cover
• Mortgage Protection
• Capital & Interest
• Interest Only
• Flexible
• Lifetime Mortgages
• Pension simplification
• Personal Pensions
• Company Schemes
• Stakeholder
• Annuities
• Phased Retirement
• Income drawdown
• Final Salary Calculator
• ISAs

• eHips
• e-Conveyancing
• Mortgage Calculator

Latest News

Funds

• MF Global clients bash fat fees, seek quick wind-down
• 3i promotes dealmaker to top job
• Oversold energy shares offer bargains - Lombard Odier

Stocks and Shares

• Greeks not alone in bank savings exodus
• JPMorgan CEO gets crisis marks but war isn't over
• Greek exit could cost euro zone 100s of billions of euros

Personal Finance

• Taxpayer may lose 2 billion pounds on Northern Rock rescue
• UK to improve CPI data on home ownership
• About 750,000 households escaped fuel poverty in 2010

OEICs

What is an OEIC?

• Open-Ended Investment Companies are often referred to as the modern day and flexible equivalent of the unit trust. They combine the elements of unit trusts and Investment trusts enabling you to pool your investments along with other investors. This helps to spread the risk and enables you to take advantage of the skills of a professional managing the fund.
  
  
• OEICS are regulated by the FSA. The rules are based on specifically written company law, whereas unit trusts are based on old trust law.
  
  
• OEICS have a single price for buyers and sellers and the charges are shown separately. A unit trust has a separate buying and selling price (bid/offer spread).
  
  
• The OEIC share price directly reflects the underlying assets of the portfolio
  
  
• An Umbrella Fund structure, which means that there are different classes of share. Each sub share fund can be invested in a different area if required.