The Parliamentary All-Party Group for Building Societies and Financial Mutuals is conducting an Inquiry into the extent to which mutual business contribute to the economy and society.
Fidelity has bought Egg Invest in a deal that will see 60,000 customers transferred to FundsNetwork. The fund supermarket arm of Egg will mean that FundsNetwork will take on an extra £170m in assets under management when the deal is completed in the first quarter of 2005. FundsNetwork has recorded sales of more than £3bn […]
Some industry commentators have been saying recently that simplified advice and generic information will not work. Or to put it another way, if you do not thoroughly know what you are talking about then you are a liability and should shut up. The commentators are talking about government initiatives to lower the bar of knowledge […]
Contracting out regulated activities such as compliance services will cause unnecessary confusion for brokers after M-day, warns Purely Mortgages chief executive Mark Chilton. He says brokers which farm out compliance will be sending mixed messages to consumers. Under the new regulatory regime, brokers will have to disclose which company they are an authorised representative for. […]
The Liontrust distribution fund will favour gilts over corporate bonds to avoid default risk. The portfolio, set to launch in early December, is targeting a 65/35 per cent asset split in favour of gilts, with the balance invested in a mirror portfolio of the Jeremy Lang-managed Liontrust first income fund. Liontrust believes the lower risk […]
Investment Insights from Silicon Valley. The latest views from Allianz Global Investors and Walter Price, lead manager at Allianz Technology Trust – August 2016. Click here
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]