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Advisers find L&C middle ground

London & Capital says the managed portfolios in the middle of its range, with risk profiles three to seven, have been the most popular among advisers.

The firm introduced the range of 10 risk-graded managed portfolios in March to provide a discretionary fund management service that advisers can use for all their clients. It says funds of funds are often used for investors with small to medium amounts while full discretionary services suit highnet-worth clients but there is little to meet the needs of all client types.

The managed portfolios cater for risk profiles one to 10 and are available through the Novia platform. They have attracted more than 40 firms, amounting to more than 200 advisers, in less than six months and London & Capital is doubling the size of its team to cope with increasing demand.

Head of adviser solutions Bruce Ely-Johnston says: “There has not been a model in the market for advisers to offer a management service across all clients and our proposition fulfils this. There are some similar products out there but they have a minimum investment of around £75,000 while we have no minimum.”



FSA urged to keep UK competitive

The FSA should avoid rushing through new regulation and instead work with global regulators to maintain the UK’s competitiveness, says The CityUK chief executive Chris Cummings. Speaking to Money Marketing after a fringe event, Cummings said regulation needs to be looked at in a global context. He said: “The UK has a reputation to always […]


Aifa: FSCS should act quickly to ensure Lifemark costs are shared

Aifa is calling for the Financial Services Compensation Scheme to act quickly in compensating Keydata Lifemark clients to ensure the resulting claims are dealt with in one financial year and therefore likely to be spread between IFAs and providers. Around 23,000 savers, who invested £349m in Lifemark-backed Keydata products, could be entitled to claim up […]


Miliband: We would be making painful cuts too

New Labour leader Ed Miliband has stressed he will not oppose all the cuts proposed by the Government in the coming weeks. Speaking at the Labour annual conference in Manchester this afternoon, Miliband said he would not oppose all the Coalition’s cuts and wants Britain to learn its lessons as it reduces the deficit. He […]

Origen launches annuity service for IFAs

Origen Financial Services is launching a new annuity and advice service called Annuitãs, aimed at supporting IFAs in the annuity market. Annuitãs will enable advisers to refer clients to a team of retirement specialists who will assist with exercising the open market option. Origen says the service provides “a fast and efficient one stop solution […]


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