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Amex adds five fund groups to wrap service

American Express has added five fund groups to its wrap service following recommendations from IFA clients.

Bedlam Asset Management. Old Mutual Fund Managers, Prudential Unit Trusts, T. Bailey Asset Management and Skandia Investment Management are now available on the platform.

There is now access to over 4,000 funds from over 270 asset managers and the new funds follow on from the addition of Fidelity Investments in February and Cazenove Capital Management, Credit Suisse Asset Management and Franklin Templeton in March.

The wrap was set up in March 2004 to offer a multi-asset, multi-capability platform to help IFAs manage their affluent clients.

American Express is also holding seminars on how IFAs can make the transition to wraps.

American Express Financial Services Europe head of adv-iser service Jamsheed Poncha says: “Responding to the needs and requirements of our adv-iser users has been at the heart of our business philosophy. We have consistently refined and upgraded our wrap proposition over the last 15 months and these additional funds nicely round out our service offering.”


Non-exec changes at St James’s Place

St Jamess Place Capital has announced a number of non-executive appointments and resignations.Roger Walsom, who retired from city law firm Ashurst in April, becomes independent non-executive director. He is also non-executive director of The Pensions Regulator.John Edwards has also joined as non-executive director. Edwards was appointed HBOS chief executive of insurance and investment division in […]

Endowment chasers set to be regulated

Endowment mortgage claims management companies are to be regulated in the upcoming Compensation Bill although it is unclear which body will take responsibility. The Department for Constitutional Affairs says it has made provision to legislate later this year in a Bill intended to tackle the compensation culture but it will not speculate as to whether […]

Dry run planned for Hips in 2006

Home information packs took one more step to becoming a reality as industry bodies agreed with the ODPM on a dry run, to be carried out next year. Approval has also been given to the diploma in home inspection. The partnership is also looking at a not-for-profit certification scheme to oversee the standards of operating […]

Standard Life highlighting male cancer rates

Standard Life is releasing its claims statistics for testicular and prostate cancer to raise awareness of the diseases. Testicular cancer is the most common form of cancer for men and accounted for 23 per cent of all male cancer claims at Standard Life in 2004. The insurer paid out 1.5m on 17 claims, with one […]


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