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Axa IM appoints two new fixed-income fund managers

Axa Investment Managers has appointed Gareth Isaac and Jamie Grant as fund managers on its fixed-income team.

Isaac, who joins from Newton Investment Management, will assume responsibility for running multi-currency and liquidity portfolios while Grant &#45 formerly with the Commonwealth Bank of Australia &#45 will focus on credit derivatives. Both will report to UK head of fixed income Denis Gould.


Menu makes IFAs much cheaper than direct sales

IFAs are revealed to be up to four times cheaper than services offered by their direct-selling rivals in the FSA&#39s menu proposals. Despite a fierce rearguard action fought by the banks and other direct operations, the FSA has decided to apply the menu to them as well as IFAs rather than opting for the proposal […]

Seasonal software

With one month to go until the end of the tax year, it increasingly appears there is an Isa season taking place. Around 50 per cent of Isa investments via IFAs are now placed via fund supermarkets, as opposed to 20 per cent of all new Isas. Cofunds told me recently that it is already […]

Providers can give tech cash

Product providers will be allowed to give direct support, including cash, to help IFAs with technology for their businesses. The rule change extends provision of reasonable indirect benefits to include information technology support. Providers will be able offer IFAs cash or help towards developing software or computer facilities. The provision will be at the FSA&#39s […]

ScotLife produces a strength guide in bid to reassure IFAs

Royal London chief executive Mike Yardley is writing to IFAs to say he has no reason to believe any of the problems identified in Standard Life will affect Royal London or its subsidiary Scottish Life. ScotLife is publishing a guide to financial strength for plcs and mutuals, which is available through its sales consultants. It […]


What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.


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