View more on these topics

Credit Suisse AM launches boutique fund of funds

Credit Suisse Asset Management Funds UK is launching a fund of boutique-style funds directly marketed at IFAs and investors.

The Credit Suisse Multi Manager Constellation Portfolio aims to give investors access to talented fund managers who have left mainstream investment houses as well as smaller funds less constrained by benchmarks.

CSAM director Robert Burdett says: “With less than 40 per cent of unit trust and Oeic managers having a three year record with their fund, performance statistics are clearly less relevant. This is exaggerated in the boutiques. Constellation is our answer to how IFAs can gain positive exposure to the boutique managers.”


SecurityPLUS single premium equals Berkeley Alexander

Berkeley Alexander has designed an accident, sickness and unemployment (ASU) mortgage protection plan called SecurityPLUS.SecurityPLUS is available for homeowners between the ages of 18 and 60 and provides five-year cover for a single premium.The single premium is three times the required monthly benefit. For example, homeowners requiring monthly benefit of £400 will pay a single […]

Aberdeen blocks Euro tech fund dividend

Aberdeen Asset Management has been forced to stop the dividend on its European Technology & Income Trust, after the fund’s value was decimated to just £14m.The fund, which was launched just a month before the global technology crash last February, has seen around lost around £386m of the £400m invested.As a result of the news, […]

Govt to pay out up to £110 a week for LTC

Individuals getting nursing care in nursing homes stand to gain up to£110 a week under the Government&#39s long-term care funding proposalsrel-eased this week. The funding, due to be implemented in England on October 1, still leavesindividuals facing average costs of £283 a week, according to latestestimates of nursing care costs from Laing & Buisson, which […]

Widows cuts reversionary bonuses

Scottish Widows has cut reversionary bonuses on unitised with-profits contracts by 0.5 per cent and terminal bonuses by up to 6 per cent. Reversionary bonuses have not been reduced since January 1999. ScotWids says the cuts are the result of falling stockmarkets. Contracts written prior to 1998 will receive a cut in terminal bonus of […]


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