Advisers double down on defensive assets

Fixed income and cash funds crept up the bestseller’s list on the Funds Network platform last month, suggesting advisers are contuing to move towards defensive allocations.

The Volatility Managed sector, the Short Term Money Market sector and various fixed income sectors all featured in the top 10 sectors by adviser sales in January.

Fidelity says that the fact its cash fund was the overall bestseller highlights a continuing cautious sentiment among financial planners.

This filtered through to both Isa and pension wrappers, and the Funds Network pension saw several cash and gold funds featuring in its bestsellers.

Funds Network head of sales Paul Richards says: “While the start of 2019 offered some respite after a turbulent end to 2018, it’s apparent from our latest sales data that advisers and their clients continue to tread cautiously when it comes to their investment decisions.

“With 2019 likely be punctuated by ongoing political and market uncertainty, we expect advisers and their clients to continue to allocate towards defensive assets as well as investments that offer diversification benefits this year.”


Five minutes with…The Lang Cat’s Steve Nelson

Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]


British investors’ £4.2bn in zombie funds

British retail investors had £4.2bn in “dormant” funds – with “tiny” assets and inflows, but often high charges in the five years to 2017, according to Morningstar. In a report the research and ratings agency found 194 such “orphaned” or “zombie” UK-domiciled funds – or funds with under €100m (£86.9m) in assets under management and […]

Legal & General IM poaches Columbia Threadneedle EMEA boss

Columbia Threadneedle’s chief executive officer for Europe, the Middle East and Africa Michelle Scrimgeour has resigned to join Legal and General Investment Management as chief executive officer, She will be succeeding Mark Zinkula who will retire in August. LGIM says the specific retirement and appointment dates will be confirmed in due course. Scrimgeour will also […]


Novia and Just launch guaranteed income plan within Sipp

Just Group has teamed up with Novia to launch a guaranteed income proposition within a Sipp wrapper on Novia’s platform. The guaranteed income solution is designed specifically for the platform, enabling an adviser to implement a flexible investment strategy within the Sipp. The technology has been designed by Spire Platform Solutions and enables advisers using […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. Cash is hardly a great place to be with a bounce back just around the corner, albeit no one can know just how far. By the time recovery becomes apparent, you’ll have missed the first 10% of it. Better, I suggest, to buy in by instalments.

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 thought leadership.

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