It is that time of year again when the pundits clamour to deliver their predictions and the anti-pundits line up to proclaim their disdain for such utterances. So I will seize the opportunity to add to the largely pointless noise with some forecasts for our sector. My first prediction is that markets will continue to move […]
Wrap platform Transact saw post-tax profits jump by 43 per cent last year, its latest accounts show. For the year to 30 September 2017, profits reached £29.9m, according to statements for Transact’s parent IntegraFin Holdings. Gross inflows rose by 49 per cent to £5.31bn and net inflows increased by 66 per cent over the 12-month […]
The Investment Association has called for an “urgent” review new Key Information Documents issued to investors. Since January 1, Priips legislation has meant advisers now have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. Yesterday, however, the FCA gave advisers licence to go further […]
St James’s Place is replacing Axa Investment Management as the manager of its £3bn Balanced Managed Unit Trust after 11 years. The UK wealth manager has picked US-based investment managers GMO and Jennison Associates as co-managers of the fund starting their mandate over next summer. GMO’s long-standing fund manager Ben Inker will run 80 per cent […]
James Foster, manager of the Artemis Monthly Distribution Fund, discusses the delicate balance between too much yield (and attendant risk) and too little. Click here
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