Sam MacDonald



Old Mutual: Fund mergers will trigger clean share class conversion

Old Mutual Wealth is to convert clients into clean share classes automatically where they are invested in funds that merge following guidance from the FCA. The regulator has given Old Mutual guidance clarifying that where funds are merged this will class as a trigger for movement into clean versions of the fund. The issue of […]


FCA warns of continuing conflicts on in-house investment models

A number of wealth management firms and private banks are continuing to fail in monitoring how their in-house investment propositions are being used by clients, an FCA thematic review has found. The findings of the review into conflicts of interests arising from the use of in-house propositions found that firms with large amounts of assets […]


Old Mutual Wealth sets out bulk conversion plans

Old Mutual Wealth has set out its bulk conversion plans on its platform which will see it undertake the first switches in February 2015. The firm says 75 per cent of advisers have already moved client assets from commission-based share classes to fees and that all clients in loaded share classes will be moved by […]


Neil Woodford to launch biotech investment trust

Neil Woodford is set to launch a new biotech investment trust through his new venture next year. The FT reports the fund manager is set to roll out the new portfolio in response to the growing number of unquoted biotech firms. Woodford already invests in Oxford Nanopore, an unquoted UK bioscience firm, through his equity […]


Asset allocation: ECB fiscal stimulus proves timely for PSigma’s Becket

Psigma says falling valuations in the eurozone have presented it with an opportunity as investors shy away from the region’s assets. As a contrarian investor, Psigma chief investment officer Tom Becket (pictured) says European and Japanese stocks are offering intriguing possibilities as valuations are currently so cheap. Market volatility has meant greater rebalancing in his multi-asset […]


Asset allocation: Why Montage is sticking with the US, for now

Montage Portfolio Management managing director and portfolio manager Peter Montague says he still sees value in US markets despite many saying the country’s stocks are now looking overvalued. In June, the Essex-based wealth management firm launched a discretionary fund management service that is set to roll out to the wider adviser market before the end […]