Britannic Asset Management has set up the Cartesian boutique run by the former SVM managers David Stevenson and Andrew Kelly. Its UK opportunities fund will hold 30 to 60 high-conviction stocks with a bias to mid-and small caps.
Scottish Life is going head to head with Standard Life and Legal & General by introducing a group self-invested personal pension by A-Day. The product will act as a personal pension, with the extra flexibility of a Sipp kick-ing in when it is needed. Scottish Life says this means that directors with big pension pots […]
The IFA Defence Union is looking to shed its militant tag with a rebrand and increased focus on training. Evan Owen plans to change the name to the IFA Defence and Development Union. Owen, who has consistently argued that the financial services regulatory regime violates EU human rights law, says he is looking to quash […]
F&C has soft-launched special situations and mid-cap funds alongside the UK opportunities fund it set up for Phil Doel following his arrival from DWS last November. New head of UK equities Peter Lees is running the F&C UK mid cap fund while Makis Kaketsis, manager of the F&C UK prime fund is also running the […]
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]