View more on these topics

ABI changes life and pension funds classification system

The Association of British Insurers has made changes to its classification system for life and pension funds effective from January 25 2008.

The key changes include new criteria for mixed asset fund sectors, including labels to highlight the equity exposure of managed fund sectors and three new fixed interest fund sectors.

The ABI is also introducing new sectors to reflect the growing number and diversity of property funds and a flagging system to allow greater detail on sector sub-groupings, such as regional.

The changes follow a review of the existing ABI sectors, which allow investors and advisers to make like-for-like comparisons of unit-linked life and pension funds based on funds’ asset allocation and contain over 6,000 unit-linked life and pension funds.

ABI Investment Classification Committee chairman Jeremy Thatcher says the new sectors reflect major changes to the life and pensions industry including the continued growth in unit-linked business, increasing demand for open architecture wraps and multi-manager investing and major inflows into property as an asset class.

He says: “The ABI sectors are a vital tool for fund comparison and these improvements will ensure the sectors reflect the current market as well as future developments. With the additional monitoring of these funds by the ABI, investors can have every confidence in this important tool.”

Recommended

Old Broad Street takes over Forsyth ratings

Old Broad Street Research is taking over the Forsyth-OBSR Ratings Service that it previously operated as a joint venture with Forsyth Partners Limited.The rating service has been renamed OBSR Fund Ratings.Old Broad Street Research says the joint venture ended automatically when FPL was placed in administration and ceased trading.The hedge fund group ran into difficulties […]

Merger to bring fund changes

MitonOptimal says the combined Iimia MitonOptimal group must differentiate the funds in its range as it will have three funds in each of the IMA active, balanced and cautious managed sectors.MitonOptimal favours making changes to the funds where necessary rather than reducing the number of funds because it claims that individual fund managers do not […]

Crunch time

The more observant among you might have guessed I was away last week.

ABI warns state should not subsidise personal accounts

The Association of British Insurers says personal accounts could damage existing provision and has warned the Government against any form of state subsidy.At an ABI fringe event at the Labour conference, director of life and savings Maggie Craig said three issues must be resolved – ensuring no state subsidy, keeping the scheme targeted at people […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment