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AIG extends multi-manager Fof range

AIG Life is extending its multi-manager fund of funds range with a new managed income fund. The fund will provide an income-oriented portfolio with a gross yield in the range of 1-2 per cent over the base rate. The fund&#39s assets will be in a combination of externally managed funds from AIG&#39s range in the UK corporate, high yield corporate, government and global bond markets as well as the commercial property sector. The fund may also invest up to 20 per cent in UK equity income funds.


Structured products to be next misselling risk – FOS

The FOS has predicted that structured products could become the next misselling scandal to follow from the current spate of mortgage-endowment related complaints. Speaking at the Building Societies Association&#39s annual conference in Manchester, Ombudsman Caroline Mitchell said she revealed numbers of complaints about these products have been increasing saying she is currently receiving around 70 […]

Inter/BBB breakdown shows industry trends

Durlacher analyst David Pannell says the breakdown of merger talks between Inter-Alliance and Berkley Berry Birch demonstrates the significant issues facing the IFA industry. He says personality, misselling liabilities, and the inability of the sector to demonstrate a profitable business model all lead to the decline in talks. Pannell believes until the larger IFAs consolidate, […]

Independent view

I recently completed the London Marathon, which was quite a painful experience. As I was trotting around, trying desperately to think of anything other than the ruptured hamstring I acquired at 19 miles, it occurred to me that setting up and maintaining an IFA practice in today&#39s financial services industry is not too dissimilar to […]

Parliamentary summit looks at home packs

Mortgage and property industry representatives were brought together with members of the Houses of Commons and Lords last week in a meeting hosted by the National Association of Estate Agents which looked at the Government&#39s controversial home information packs. The meeting was chaired by Labour peer Lord Corbett and views were heard from the CML, […]


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