This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Investments

Advisers question Ashby's future over LV= outsource deal

  • Print
  • Comment

Advisers have raised questions over the future of LV= head of UK equities Graham Ashby’s £162m UK equity income fund if a deal to outsource its retail fund range to Threadneedle is agreed.

LV= and Threadneedle confirmed last week that talks about an outsourcing deal are taking place over the next few weeks, with the aim of reaching a final decision in August.

LV= group CEO Mike Rogers says: “The board is considering outsourcing asset management to enable it to focus on its core trading lines within general insurance, protection and ret-irement solutions.”

Bestinvest senior analyst Ben Seager-Scott says a deal would raise questions over the future of Ashby’s fund as Threadneedle already has a £1bn UK equity income fund managed by head of equities Leigh Harrison.

Seager-Scott says: “There is a question mark over Ashby’s fund as Threadneedle has an equity income fund but overall the potential deal between the two asset management firms is not a big surprise and it is a reasonable match.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Is Labour right to be concerned about the unintended consequences of the Budget pension reforms?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments