30 January 2008
Fund of hedge fund manager 3A has added six funds of hedge funds to its alternative capital enhancement Sicav range.
I generally enjoy reading Nic Cicutti's column and his recent article featuring me (Money Marketing, January 17) was no exception, perhaps because I was on a Barbados beach at the time and read it on my Blackberry.
The last eight years have seen many changes in the world of pensions. In 2000, the traditional personal pen-sion was king. Multi-manager personal pensions and Sipps were viewed as niche products and on the horizon was the new kid on the block, stakeholder pensions.
Arc Capital & income has introduced its fourth fixed income plan, a capital-protected bond that provides monthly or annual income during a term of five years and three weeks.
In simple terms, estate planning is ensuring that when a client dies their assets pass on to their intended beneficiaries but while this is simple in theory, there are, in practice, a number of complications.
Bertolt Brecht said: "It is easier to rob by setting up a bank than by holding up a bank clerk."
Barclays WealthRegular Income Bond
Do readers believe providers have any obligation to honour policy conditions, adhere to their published service standards or recognise IFA complaints?
The headlines over the recent Pensions Bill have centred firmly on pension reform and the introduction of auto-enrolment and the personal accounts scheme. But this bill is not a one-trick pony. It also tackles other areas of pension rules.
This year has got off to a disappointing start with falls across all global equity markets. The latest bout of volatility stems from continued concerns about the state of the US economy.
Those of you who check out small details such as the email to use when berating me for any sins and omissions in this column will have noticed recently that I no longer use the moneysupermarket.com address. After nine interesting months at moneysupermarket, I have rejoined the freelance world.
Scottish Widows and the CII Group have formed a partnership to deliver a “package of professionalism” to support financial advisers progressing towards specific diploma and advanced diploma qualifications.
The times are certainly changing for retail investors in property funds. There is so much news around covering commercial property fund redemptions by retail investors such as Aegon stopping customers from withdrawing their money from the £2bn Scottish Equitable property fund run by Morley Fund Management.
New Star has had a troubling start to the year after cutting its dividend following marked withdrawals from its funds.
This tax year, 2007-08, has been a vintage year for inheritance tax aficionados.
F&C recorded gross new inflows of £703m into its Oeic range in 2007, a 37.3 per cent increase on 2006, in what was a record year for its open-ended investment funds.
Turmoil in the markets, the Fed catching us all out, Mervyn King warning of tough times ahead - not to mention the annual Davos Fest - it felt as though a whole quarter had been crammed into a single week.
Technology has long had a symbiotic relationship with regulation. Many of the regulatory changes that we have seen in the last 20 years would have been almost impossible without technology. Take disclosure, for example.
Friends Provident decided last week to do away with its wealth management businesses to concentrate on the life and pensions and protection markets.
Friends Provident is to sell F&C, high-net worth IFA firm Pantheon and wealth management arm Lombard and cease development of its wrap in a massive group restructure announced today.
The FSA has banned Jonathan Leigh Hardie, of Primedale Financial Services, from being a senior manager for mishandling mortgage endowment complaints over a period of five years.
GE MoneyNear Prime Plus Three-Year Discount Full Status
GE MoneyNear Prime Three-Year Discount Self Cert
Despite the recent fall, gold prices should continue to rise and some forecasters believe the price may reach $2,000 an ounce in the medium term. It would need to rise to this figure to reach an all-time high in real terms after taking into account inflation since 1980.
Inheritance tax is an issue which rankles with many people and more IHT-mitigation products are coming on to the market.
Henderson's multi-manager team are holding a multi-strategy hedge fund that is structured as an investment trust because the fees are lower than a fund of hedge funds.
HSBC InvestmentsHSBC GIF Russia Equity fund
JO Hambro Capital Management has re-opened its offshore £474m continental European and £178m European funds after re-evaluating the capacity levels on the range.
You don't fix what isn't broken, says John Deane, the Royal London executive director with responsibility for IFA business, apparently weary of persistent rumours that Bright Grey and new acquisition Scottish Provident will be merged.
Former FSA chief executive John Tiner is a member of an independent review body which has been commissioned by the Tories to look into regulation in the UK.
Now is perhaps not the best time for investment firms to judge the performance of fund managers given the recent market volatility.
Jupiter Investment Management Holdings Ltd has appointed Jamie Dundas as its non-executive chairman.
Kensington chief executive Alison Hutchinson has announced she will be leaving the firm at the end of March following its integration with parent company Investec.
Kensington has lost its second chief executive in the space of a year after it confirmed Alison Hutchinson would be leaving the lender at the end of March.
The MPs of the Treasury select committee suggest the Bank of England should take responsibility for financial stability of banks from the FSA.
I have an executive pension plan with a fund value of £100,000 and a tax-free cash limit of £35,000. I gather that the new pension rules do not allow me to transfer this fund without reducing my tax-free cash limit to 25 per cent of the fund. Is that correct?
Mervyn King has been reappointed governor of the Bank of England for a further five year term.
As January goes so goes the year, according to the cliché, but investors will be praying that it does not come true.
Managing Partners Limited (MPL) has launched a new property fund in a bid to take advantage of discounts in the market.
NDFATwin Option Kick Out Plan
Standard Life set up discretionary investment management service Standard Life Wealth last week with a proposed 1.375 per cent charge.
Tracker products with no early redemption charges are the most popular mortgage deals so far this year due to the continued failure of lenders to offer competitive fixed rates.
Noble Fund ManagersNoble Aim VCT Top Up
Norwich Union has announced it will pay out a special bonus of £2.3bn to 1.1 million with-profits policyholders and has put an improved reattribution offer to the policyholder advocate.
Olivant has announced today that it has decided to pull out of the running for Northern Rock while the Virgin-led consortium and NR's Board have confirmed their plans for the stricken lender.
Positive Solutions chief executive Jim Reeve has conceded the launch of True Potential, the firm’s chosen platform provider, has been blighted by inadequate training support and uncoordinated communication.
Positive Solutions has appointed corporate finance advisory firm Lexicon Partners to assist it with its planned stock market flotation in 2010.
Many will have buried their new year resolutions in the bottom drawer along with the discounted gym membership which was probably promoted by a leading health insurer.
Gordon Brown ended his tenure as Chancellor with a grandstanding performance at his final Budget speech last March. He finished by saying that the basic rate of income tax would be cut "from 22p down to 20p".
In recent weeks, analysts have been revising and re-revising down their outlooks for the eurozone economy along with global forecasts as a slew of bad news shocks have been digested by the market. This is a very different situation to that of six months ago and is in contrast to the region's business cycle over the last two years, which has been trending upward.
The explosion of new lenders and intermediaries in the UK market over the last decade has driven competition, encouraged innovation and delivered huge choice for borrowers. However, as trading conditions tighten, funding remains difficult to secure and volumes shrink, the pressure on some companies may be too much to bear.
The country food and dining enterprise investment scheme fund aims for growth by investing in up to five out-of town businesses that combine eating out with farm-style food shops.
Standard Life has removed all exposure to airline stocks from its ethical portfolios after receiving strong feedback from investors in its annual ethical survey.
Perhaps I am just naive. I have always found it quite difficult to understand the need to have an initiative called treating customers fairly. After all, shouldn't service companies being doing that already? Isn't that the core of their business offering?
Scottish Widows Investment Partnership has established the Swip European income fund to take advantage of the attractive dividends being paid by companies in Europe.
Planning for the consequences of death makes it easier to deal with the division and transfer of assets among heirs. Financial advisers should be aware of some simple steps that their clients can take.
The shock news that Tory Shadow pensions minister Nigel Waterson was arrested for assault came hot on the heels of former Work and Pensions Secretary Peter Hain’s resignation.
Any IFA who is not already offering business protection insurance is turning their back on a lucrative market that is desperately in need of advice and guidance.
Fidelity stalwart Tim McCarron is stepping down as manager of the £855m European values fund passing on the management of the vehicle to portfolio manager Sudipto Banerji.
The Conservative Party has commissioned an independent review body, which includes former FSA chief executive John Tiner, to look into the burden of regulation.
Last week, I started my look at the proposed changes to the taxation of UK-resident companies which invest in investment-based life insurance policies with an overview of a couple of key issues that have had to be taken into account when advising companies on the investment of funds.
Williams de Broe has added the Resolution Cartesian UK equity 130/30 fund to three of its four multi-manager funds.
WoolwichFive Year Fixed Rate