View more on these topics

Aberdeen protests to AITC over Godfrey&#39s comments

Aberdeen Asset Management has fired off letters to the Association of Invest-ment Trust Companies complaining about the evidence that director-general Daniel Godfrey gave to the Treasury select committee in July.

It is understood that the company is unhappy at some of the comments made by Godfrey at the committee hearing into the splitcap debacle when he apologised for the way the sector has collapsed.

Aberdeen is believed to dispute some of the comments Godfrey made to the committee.

He said he was concerned about possible collusion between providers. Aberdeen is pushing for him to make corrections before submitting further evidence.

Some trusts have attacked Godfrey&#39s stance in off the record briefings although F&C, which has no split caps, has defended his actions.

An Aberdeen spokesman says: “We are discussing some points and we are sure they will be addressed. But that is between us and the AITC.”

An AITC spokeswoman says: “We represent a diverse range of companies and sometimes we agree with them and sometimes we strongly disagree with them. We always encourage a healthy debate.”


JPMorgan Fleming creates Russian investment trust

JPMorgan Fleming has created the only investment trust to invest entirely in Russian companies.JPMorgan Fleming Russia securities has emerged from the restructuring of a dollar-denominated offshore fund, the Fleming Russia securities fund. JPMorgan Fleming believes that as the economy has evolved since the offshore fund was established in 1994, so should the fund’s structure.Mark Robinson, […]

The cap and the gap

We need to get this right and the price cap is not the right place to start. Through the work of Oliver Wyman & Company, the ABI has shown that Sandler&#39s proposed suite of simple products can help close the saving gap but we have also shown that the extent of the impact will be […]

Bedlam avoids benchmark

The Bedlam global fund is an offshore Oeic that aims to achieve capital growth by investing mainly in a portfolio of global equities.The portfolio will contain between 20 and 30 stocks from regions including the US, Europe and Asia. However, in times when the fund manager thinks equities are not so good, the fund manager […]

Split sums

On several occasions you have explained about the use of a sharing order when it comes to splitting pensions following divorce. Can you actually show me how an order would work for the person who will receive the credit and also for her ex-husband, who will lose part of his pension? If she does not […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm