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Baring keeps name and sets plan for expansion

Baring Asset Managament looks set to survive a dramatic restructuring and rebranding exercise by Dutch parent ING which will see the historic name dropped from the rest of the group.

The news comes as the fund manager is gearing up for a major winter expansion programme including a complete overhaul of its marketing department and the launch of a new multi-sector fund.

The BAM expansion will see a major recruitment drive within its sales and marketing department, including a new European marketing manager, a third-party marketing manager, and a new senior Asian marketing manager. The company plans to step up its online capability and marketing operations, with a £163;750,000 budget for fund advertising online.

The firm is also launching a new multi-sector fund for the UK and Asia in February. In response to IFA feedback, the new fund will focus on several of the world&#39s biggest growth sectors rather than a single sector.

BAM marketing director Rob Page says: “Our mut ual fund sales have seen significant growth over the past two or three years. We want to continue to see that grow by continuing to support IFAs, both by launching new products and giving them more information online.”


Nationwide cuts standard variable rate

Nationwide is reducing its standard variable mortgage rate to 7.09 per cent from 7.29 per cent from December 1. It says the move comes against growing expectations there will be a reduction in interest rates and is taking the lead in cutting its rate because of the increasingly competitive nature of the mortgage market. Nationwide […]

The test of strength

As the time draws nearer to the season of life-office year-ends and with-profits bonus declarations, IFAs (and others) will be as concerned as ever to identify which life offices are on the road to riches and which are on the road to less profitable times.Financial strength brings investment freedom which in turn offers the potential […]

No need for IFAs to panic

DBS Management chairman Ken Davy on why the Treasury and the FSA have got it wrongIn the TV comedy Dad&#39s Army, Corporal Jones could always be relied upon to panic at the slightest event.His cries of “Don&#39t panic, don&#39t panic” were a sign that something was not quite as it should be rather than a […]

Bring order to sharing

We started to look at the imminent introduction of pension-sharing orders last week and next week we will look at how these orders will be treated by the courts and by solicitors in practice.Here, we look in more detail at the technical aspect of sharing orders.Funded money-purchase schemes are the easiest type of scheme to […]

A tough start for 2017 consensus trades

By Kacper Brzezniak Every year, starting around November, investment banks (and fund managers) begin to drip out their outlooks for currencies, rates, economies, you name it, for the following year. The consensus has been largely wrong for the past four or five years; those multiple rate hikes never came, the bond market is still alive […]


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