Fixed income

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FCA reviews preference share market following Aviva backlash

The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]

How to… navigate the bond market

Advisers are facing tough choices when it comes to picking bond funds for their clients’ portfolios. Three top investors talk to Money Marketing to shed light on the recent market sell-off and how bonds have reacted to it. They also explain which features bonds need to have to survive a new environment of rising interest […]

Volatility fears take multi-asset fund sales to £1bn

High market volatility in February resulted in more retail investors using multi-asset fund managers and pushing net sales up to £1bn, new figures show. Data from the Investment Association tracking net retail fund sales in February show investors avoided both bond and equity funds with £235m and £136m outflows, respectively. In early February the US […]

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Adviser to compensate client over 15% return bond investment

Personal Touch Financial Services must compensate a client for the unsuitable advice it gave to invest £41,000 into a bond promising high returns. According to a Financial Ombudsman Service decision, Mrs H complains she was given unsuitable investment advice by a financial adviser working for an appointed representative of PTFS. The case dates back to […]

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Jupiter reports £193m in profits

Jupiter has reported a 13 per cent increase in pre-tax profits for 2017, taking its yearly total to nearly £193m. The asset manager raked in a total of £410m in revenues, with a net management fee margin of 85 basis points on average assets under management across the year of £46.2bn. Jupiter paid out £42m […]

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Liontrust builds out bonds team as assets pass £10bn

Liontrust Asset Management has announced it has poached Baillie Gifford fixed income manager Donald Phillips as assets under management climb past £10bn. The boutique asset manager saw assets increase 9.5 per cent from the start of the quarter to £10.6bn at 31 December. Net inflows for the period were £571m, while total assets increased £916m […]