Lee Robertson: The futility of punditry

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 […]

Ian Taylor

Transact reports 43% surge in profits as float draws closer

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 […]


IA calls for ‘urgent’ review of Key Information Documents

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 […]


SJP boots Axa off managing £3bn fund

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 […]


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