View more on these topics

BG picks manager to lead national IFA push

Baillie Gifford has appointed a national accounts manager to spearhead its


push to get its funds on the best-advice panels of the big networks and


national IFA firms.


Nick Hansell joins from Hansell Investment Cons-ultancy where he was


responsible for sales and marketing projects for fund management groups.


He has also worked at Scottish Widows and Newton Fund Managers.


Baillie Gifford is looking to boost its profile in IFA retail market.


Intermediary sales climbed from around £10m to £46m last year but the


company hopes to increase this to about £130m, representing a 1 per cent


share of the total retail investment market by the end of next year.


At the end of last year, Baillie Gifford boosted its IFA sales team by


recruiting Chris Frohlich from Britannia Life and Martin Moorcroft from


Friends Ivory & Sime.


In February, Baillie Gifford set up an Oeic Isa wrapper which offers


investors access to seven sub-funds comprising five growth and two income


funds. They include a 350 British fund, a corpor ate bond, European fund an


income fund and Japanese fund.


Sales & marketing director Ken Edwards says: “We are committed to the


continued growth of our retail investment business and our focus on


independent adviser sales. Mike will add considerable strength and


experience to our expanding team.”

Recommended

Tesco PF switches from Widows to CGU

CGU is to buy Tesco Personal Finance Life for an undisclosed sum, ending the supermarket&#39s joint venture with Scottish Widows. Tesco Personal Finance, the banking joint venture with Royal Bank of Scotland, continues. Tesco Personal Finance Life, the life and pensions joint venture, has been bought by CGU in its entirety. CGU has now formed […]

National IFA doubles turnover

National IFA Inter-Alliance&#39s turnover has more than doubled in 1999.The pre-tax losses of the firm, now claiming to be the UK&#39s largest national, dropped from £2.25m to £1.14m on a turnover of £12.8m.It cites the purchase of a 51 per cent stake in IntelliFlo, a software development consultancy, as a main reason for the growth. […]

Weighty issues

This year, for the first time in the UK, a single company came to accountfor more than 10 per cent of the stockmarket index. This may seem like atechnical factor, which it is, and irrelevant to the advisory market, whichit isn&#39t.This issue, if unchecked, will have a broader effect on the retailinvestment market.Vodaphone Mannesman now […]

Treasury releases mortgage CAT standard guidelines

The Treasury Department released its much anticipated guidelines for Cat standard mortgage products this week. The Cat standard rating is to be extended to some discounted and cashback products. Under the original plans announced in late January, these types of mortgages were excluded.Other rules state that brokers cannot charge customers fees on Cat standard products […]

Frexit & contagion risk in Europe

Rob Burnett, Head of European equities at Neptune Many commentators have suggested that the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Is this likely and what is the mechanism for this to happen, asks Rob Burnett, Manager of the Neptune European Opportunities Fund. Read more: https://www.realworldinvestors.com/Posts/Read/1371/Frexit_and_contagion_risk_in_Europe […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment