View more on these topics

Advisers know a star fund manager when they see one

Three months ago, Jupiter told IFAs not to panic when is star fund manager

William Littlewood took a three month sabbatical.

With an Isa season imminent, it was quick to comfort investors with

promises that he would be back. Alas, three months on and the news from

Jupiter is that he is suffering from chronic exhaustion and will not be

coming back for the foreseeable future. Cynics may suggest Jupiter knew all

along that he was unlikely to come back and feared such news could hit Isa


While saddened by Littlewood&#39s departure, Jupiter says its fund management

style is underpinned by a team approach.

In December, Scottish Widows was rocked by the departure of star man

Albert Morillo. He had run Widows&#39 flagship European growth fund for 15

years. Yet, on his departure, Widows was quick to play down what impact

Morillo had.

But IFAs and discretionary managers thought otherwise and dumped the fund

from their buy lists. A few months later and Morillo turns up again

managing a fund for Investec Guinness Flight and, just one presentation

later, he is back on the buy lists. Credit Suisse is now sweating to see if

IFAs keep its TransAtlantic fund on their buy lists after losing star man

James Abate.

It will have a tough job convincing all that his replacement is up to the

job. No one person is bigger than the company but it appears investment

houses want the best of both worlds and are quick to promote their star

manager when they have one and their team when they have not. What is clear

is IFAs know a star when they see one and they will follow it to give their

clients that little bit extra.


Five more watchdogs for Insurance Ombudsman

The Insurance Ombudsman Bureau has appointed five ombudsmen to supportprincipal ombudsman Tony Boorman.The appointments precede the transition of the IOB and the other fiveombudsmen schemes to the single Financial Ombudsman Service. This is due tohappen during the latter part of 2000 following the implementation of theFinancial Services and Markets Bill.The associate ombudsman is Peter Hart. […]

Borrowers warned they could fall into flexible loan trap

IFAs are warning investors with flexible mortgages that they could be indanger of never paying off their debt and losing their homes.Troy French & Partners partner Peter French says flexible mortgages can bea trap and those living an extravagant lifestyle could find themselves outof their home after 25 years.The warning comes as more lenders say […]

Julian Gibbs

The eTechnology venture capital trust has been launched with the intentionof investing in technology trusts and shares following the recent sharpdecline in prices.It qualifies for 20 per cent income tax relief and 40 per cent capitalgains tax roll-over relief, with both profits and dividends being free oftaxInitially, it will be invested 100 per cent in […]

Aifa&#39s 80/20 vision

When the new single trade body for IFAs was set up last September, itsdream was to give the community a united voice. So how does directorgeneral Paul Smee respond to criticism that it cannot hope to represent theviews both of small and big IFA firms? &#39If you like what it is doing 80 percent of […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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