View more on these topics

ABI to conduct review of life and pension fund sectors

The ABI has launched a review of its life and pension fund sectors which categorises over 6,000 unit-linked life and pension funds.

The sectors enable advisers and consumers to compare similar funds on a like-for-like basis, and are independently monitored by the ABI.

Over £500bn of assets are managed in these funds and the review has now reached the consultation stage, with views being sought from across the industry.

ABI Investment Classification Committee chairman Jeremy Thatcher says: “The ABI sectors are used by many financial advisers and consumers. Our proposals will refresh the sectors and reflect ongoing market changes affecting life and pension funds. As part of the review, we initiated discussions with the Investment Management Association to work towards the goal of greater harmonisation of fund sector parameters.

“Recent survey work showed that advisers trust the ABI Sectors and value their impartiality. This exercise aims to build on the significant improvements already made to the sectors, and to deliver maximum benefit to those who use them.”

The consultation aims to gather views from providers and advisers on a range of proposals to improve the current sector criteria which include new criteria for mixed asset fund sectors, the introduction of three new fixed interest sectors, new sectors to reflect the growing number and diversity of property funds and the introduction of a flagging system to allow greater detail on sector sub-groupings.

The deadline for responses to the consultation is July 13 2007 and the ABI’s final proposals will be published later in the summer of 2007.



Fund firms are urged to offer fair share of charges

Winterthur Life and Selestia have hit out at fund management charges and say investment groups are taking too big a share of cake, with distributors, advisers and investors deserving more. They say fund firms should reduce their margin as they have been relieved of much of the responsibility for marketing. Speaking at PIMS, Selestia Investment […]

The down side

Our panel of experts consider Anthony Bolton’s warning of a downturn and their next move on Fidelity special sits.

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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