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Caerus launches first investment funds

Caerus has launched its first low-cost investment funds.

The IM Caerus Portfolio Dynamically Rebalanced Portfolio (DRP) funds will carry a 0.25 per cent annual management charge for the retail share class and will look to access asset classes primarily through ETFs. The four funds will be managed by Evercore Pan Asset.

Caerus chief executive Keith Carby says: “Our intention when setting up Caerus was to combine fund management with advice for the benefit of both advisers and clients. These DRP funds are the first example of just how much can be achieved for both adviser and consumer via this strategy.”



Hornbuckle Mitchell may pass costs of FSCS levy on to clients

Hornbuckle Mitchell director Mary Stewart admits the firm could be forced to pass on its £375,000 Financial Services Compensation Scheme interim levy to customers. The Sipp provider, which saw its levy rocket from just £6,000 last year, is considering writing to its 14,000 Sipp clients to warn they could have to foot the bill. Stewart […]


Brokers introduced majority of fraudulent mortgages last year

Fraud prevention service Credit Industry Fraud Avoidance System says 69 per cent of all mortgage fraud cases were introduced by mortgage brokers in 2010. In its latest report, CIFAS says it is not surprising that brokers introduce the majority of fraudulent cases because most of their work is carried out over long distances and therefore […]

Lender looking at return to release

Retirement Plus is considering a return to the equity-release market while Hodge Lifetime is looking to boost lending and New Life Mortgages is to enter the home-reversion sector. Last week, revealed that Stonehaven has returned to the market a year after suspending new lending. Retirement Plus managing director Duncan Young says the provider is […]


Garnier: Banks scared of offending FSA in TSC evidence

Banks are scared of speaking the truth when giving evidence to the Treasury select committee for fear of offending the FSA, according to TSC member Mark Garnier. Speaking at a PanaceaIFA event at M&G Investments offices in London this morning, Conservative MP Garnier said evidence given by the banks did not always tally with what […]


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