View more on these topics

Chase Fleming rebrands again

Chase Fleming Asset Management is to undergo its second rebranding in less than a year, ditching both the Save & Prosper and Chase brands from its retail fund range.

The fund manager will rebuild its business under the JP Morgan Fleming brand from the end of April.

The Save & Prosper name, currently used for its direct channel and some unit trusts, will remain only for life business.

The unit trust range will be converted to an Oeic, with several funds set to be merged or liquidated during a full rationalisation of the group&#39s investment operations later this year.

The merged business will keep its two heads of equities – Fleming&#39s Martin Porter and Morgan&#39s Pablo Forero – in a bid to maintain both firms&#39 investment styles. JP Morgan does not currently run any onshore UK retail funds but says launches drawing from JP Morgan&#39s house style may be on the cards in the future.

The move follows Chase Manhattan&#39s acquisition of JP Morgan last September, which came just five months after its purchase of UK investment bank Robert Fleming.

The latest rebranding of the asset management division comes just 10 months after it consolidated under the Chase Fleming name.

The combined business becomes the world&#39s second-biggest active fund management operation after Fidelity.

JP Morgan Fleming managing director James Broderick says the firm&#39s immediate ambition is to become one of the major players in the UK market.

He says: “We may be the second-biggest active fund manager in the world but we are not the second-biggest in the UK.

“The Save & Prosper brand does not deliver our message. We want to talk to people about investing, not saving. JP Morgan Fleming reflects the depth we are bringing to the retail marketplace.”


Mistaken basis for Government pension policy

“While financial advice can be valuable, it is not a necessary condition for all savings and investments that are suited to people&#39s individual needs and circumstances. For example, Catmarked products and stakeholder pensions are products whose standards mean that investors should be able to get a good deal without needing to pay for financial advice.” […]

Time to take flight?

I read with a heavy heart the headline story in the March 15 issue of Money Marketing confirming a life sentence on all those foolish enough to offer independent financial advice. I have been such a person for more years than I care to recall. I can still remember when following this profession meant providing […]

Ifap slams stakeholder multi-ties

IFA Promotion says the introduction of &#39multitied&#39 advice for stakeholder pensions will make it harder for people to identify truly independent advice. In his reaction to stakeholder, the first financial product to be &#39depolarised&#39, Ifap chief executive David Elms says there will be greater potential for consumer confusion than ever as changing the transparent system […]

Principality Building Society – Discount Option 1

Wednesday, 11 April 2001.Discounted term: Until June 30, 2006.Discount: 1.06 per cent.Payable rate: 5.89 per cent.Minimum loan: £5,000.Maximum loan: Up to 75 per cent of valuation subject to no maximum.Income multiples: 3.5 times principal income plus second or 2.5 times joint.Arrangement fee: None.Redemption fee: Repayment of cashback until June 30, 2006.Conditions: 0.19 per cent added […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm