Cormac Weldon reviews the first year of Artemis’ initial three US funds, and where he sees things going from here.
Partnership will launch a “low-cost” guaranteed drawdown product next month as the provider attempts to adapt its offering following the introduction of pension freedoms in April. The product, called the Enhanced Retirement Account, will allow savers to combine a guaranteed annuity income with flexi-access drawdown through a single Sipp wrapper. Customers can invest in eight […]
The Sunday Times has attempted to shine a light on the charging structure of St James’s Place after readers voiced concerns that its advice charges were not transparent. The newspaper featured a story last month looking at indicative costs for advice among the largest firms. At the time SJP told The Sunday Times the newspaper […]
The FCA has banned and fined former Keydata finance director Craig McNeil £350,000. Keydata designed and sold investment products to retail investors via IFAs. The products were underpinned by Keydata’s investment in bonds issued by Luxembourg special purpose vehicles, including one called SLS Capital. Following Keydata’s administration in June 2009, its administrators discovered that SLS […]
The robo-advice market looks set to explode in the UK, with investment giant BlackRock and Hargreaves Lansdown among the firms developing low-cost offerings to plug the post-RDR advice gap. However, it remains unclear exactly how the growing market for technology-driven solutions will interact with traditional face-to-face advice. Will robo-advice complement advisers’ existing propositions, or does […]
The fastest growers in the Artemis Global Select Fund this year were also the largest companies, Amazon and Nike. Simon is looking to buy more like them in 2016.
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Advisers face headwinds but could cash in on new opportunities
The FCA is looking to improve the clarity of its register so warnings against bad advice firms such as those involved in unsuitable defined benefit pension transfers are easier to spot. In an interview with Channel 4 News last night, FCA supervision director Megan Butler recognised that the current display, which does not immediately show […]
Well there’s no need for VCT investors to be patient any longer. The Government’s Patient Capital Review response, which reviewed VCTs and EIS schemes and looked at the obstacles to getting long-term investment into firms, was published in the Autumn Budget. A collective sigh of relief could be heard when it became clear that the […]