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.
Fundsmith has successfully launched its new investment trust, Smithson, to the main market of the London Stock Exchange this morning. The asset manager led by star manager Terry Smith has confirmed that 82,250,958 shares were issued at 8am. The firm also noted that Smith and the other founder partners and key employees of Fundsmith currently […]
Exit fees can mean advisers are hit with high and unpredictable costs, but are they justified? Many advisers have been caught out with the unexpected burdens that come with trying to leave a platform, and an increasing number of them are looking into the potential pitfalls that exiting discretionary fund manager services could bring as […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]