Axa’s wrap platform is to be branded Elevate and will roll out to the whole market during 2008. Elevate will offer dual pricing to give advisers full flexibility over charging structures.
Axa is poised to launch a variable annuity product early next year as part of an overhaul of its retirement planning.The firm has been working with colleagues from US arm Axa Equitable and is considering offering a version of its Accumulator variable annuity.The US product offers a range of investment options and guaranteed minimum income […]
Jamie Allsopp is manager of the successful New Star hidden value fund.
Thinc Group has agreed a new fixed buy to let deal with Bank of Ireland Mortgages. The offer carries an interest rate of 5.89 per cent with an LTV of 85 per cent at a rental calculation of 100 per cent at the fixed rate.The full product details include a 5.89 per cent fix to […]
Thames River has postponed the launch of its multi-manager offshore range.It had aimed at launching in the fourth quarter but has decided to wait until early next year to allow new arrivals Gary Potter and Robert Burdett more time to bed down and focus on their five onshore funds.Potter and Burdett joined from Credit Suisse […]
The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]
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FCA chief executive Andrew Bailey has used a speech at The Investment Association’s annual dinner to explain the regulator’s plans to make sure fees result in “sensible incentives” for fund managers. The regulator has put value for money in the spotlight with its Asset Management Market Study. The measures consulted on include getting more independent […]
Last week I was delighted to have the opportunity to talk about one of the most critical challenges for platforms over the next 5 to 10 years – whichhow do they need to evolve? And by ‘need’ – we frankly mean what’s required if platforms are genuinely to meet the needs of intermediaries and investors […]
Neil Woodford has upped his stake in Provident Financial as shares in the consumer credit company double from their August lows. According to a regulatory filing published late yesterday, the star fund manager increased his stake from 19.1 per cent to 20.1 per cent. Provident shares jumped 12 per cent on Friday morning when the […]