View more on these topics

Aima asks regulator to have Faif on funds

The Alternative Investment Management Association believes the FSA’s proposed restrictions on notice periods and leverage of funds of hedge funds are “unworkable” and should be reconsidered.

Aima says it supports the FSA’s efforts to create a better regulatory environment for funds of alternative investments funds. It strongly believes that funds of alternative investment funds should be available to retail investors to allow them indirect access to hedge funds but argues the FSA proposals on retail access will prove to be detrimental to the popularity of Faifs and their managers.

The trade body says it believes it is vital to ensure consistency between Faifs and offshore funds, as the underlying funds of a Faif are likely to be based offshore.

Deputy chief executive Andrew Baker says: “On the whole, the proposed rules are appropriate and proportionate and a strong signal from the UK Government that hedge funds are to be regarded as mainstream investments.”

But he warns there are important areas to work through for the regime to be “workable and successful both for the industry and the intended retail investors.”


Panellists concentrate on the basics

Panellists continued to concentrate their Aggressive Adviser Fund Index portfolios during the May rebalancing. The number of funds in the index fell by 11 to 103 and followed a similar reduction last November.

A shaw thing

Annie Shaw is a freelance financial journalist
My feet hardly touched the ground last week. My first venture out was to give the big hat an airing at Epsom Ladies’ Day as a guest of the ever hospitable Abbey. I was sensible enough to back Iguazu Falls sired by Pivotal, which also sired my sister’s winning nag, Turn On The Style. Sadly, the bet was part of one of those fancy accumulator things, and I’d already lost my stake in the previous race.

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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