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Berry says diversity has protected its portfolios

Discretionary fund manager Berry Asset Management says its multi-asset multi-manager approach has protected its risk-gra-ded portfolios from the worst of the recent equity market falls.

When equity markets were falling, Berry’s holdings in index-linked gilts, gold and absolute return funds were performing well, with some valuations reaching all-time highs. It believes diversification across asset class and manager has helped its portfolios hold up well relative to equity markets.

Berry has also benefited from its defensive positioning within equities across its portfolios. Much of its equity exposure is achieved through income funds, which tend to hold more defensive companies that pay dividends. It says these companies have been undervalued relative to more growth-oriented companies.

Director Mark Sherwood says: “We always feel the best thing is to be proactive rather the reactive, so we have been getting on the telephones to talk to IFAs about their clients’ portfolios and speaking to clients directly. But we are guided by the IFA – some want to write to clients themselves and some prefer us to speak directly to their client.

“On the whole, clients are measured and calm about the situation. They felt our portfolios are well diversified and we did not have any who were unduly concerned. We also won some new business as one client was so impressed that we had called to offer reassurance that he invested more money with us.”


Halifax and Experian team up to help rejected applicants

Halifax and Experian have teamed up to offer customers a service which aims to help unsuccessful applicants understand why they have had their mortgage application rejected. The new scheme offers unsuccessful applicants unlimited access to a bespoke CreditExpert membership and a team of 15 credit experts who will provide advice on what is impacting their […]


How on earth did McFall fail to mention the RDR?

I am astounded by the gaping hole in Lord McFall’s Workplace Retirement Income Commission report. How is it possible to do an authoritative review of the prospects for UK pensions without mentioning the RDR? McFall has spent much of the airtime generated by the publication of the report steaming into the industry on the subject […]


FSA fines Sir Ken Morrison £210k over share sales

FSA has fined former Morrisons chairman Sir Ken Morrison £210,000 for failing to disclose his reduced shareholding and voting rights in the supermarket chain. Morrison retired as chairman of the supermarket in 2008. Shortly after his retirement, the company announced on March 28, 2008 that Morrison had a notifiable holding of voting rights of 6.38 […]

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.


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