Bellpenny boss: Consolidation is just starting

Consolidation in the advice market is just beginning, but there is still a place for small, well-run advice firms. That is the message from Ascot Lloyd Bellpenny chief executive Nigel Stockton, who predicted more private equity firms will also invest in the market. Speaking at the Money Marketing Interactive conference last week, Stockton said: “My […]

Active vs Passive

M&G to transform £2.1bn Global Basics fund

M&G Investments is planning to drop the required sector allocation in its £2.1bn Global Basics fund as it eyes healthcare opportunities. The fund currently requires 70 per cent allocation to basic industries, such as mining and manufacturing, but wants to open up the fund to other industries. It has returned 14.4 per cent over the […]

FCA forces pension transaction cost disclosure

Fund managers and investment companies will have to disclose all transaction costs on workplace pensions from 3 January next year. New rules set out by the FCA will effectively mean those running defined contribution pensions have to comply with Mifid II and Priips legislation. These require investment companies to disclose indirect charges – such as […]


FCA data reveals major gender gap in authorised firms

FCA data paints a bleaker picture for gender diversity in financial services than recent studies suggest, as investment firms are urged to commit to a five-year plan to improve equality within their businesses. Speaking at an event for The Diversity Project, an initiative launched by former Newton Investment Management chief Helena Morrissey a year ago […]