Deutsche Asset Management European head Paul Manduca has been sacked following the group’s decision to transfer its European HQ from London to Frankfurt. Kevin Parker takes the role of chief executive and a shift in focus from geographical to product lines also results in the axing of head of Asia James Goulding. Manduca had been at Deutsche for two years.
The Council of Mortgage Lenders says home information packs are nowhere near ready for implementation. The CML is calling on the Government to undertake a realistic assessment of the cost of HIPs and to ensure costs do not rise beyond that. It also wants the Government to approve spending for development work as a matter […]
JP MORGAN FLEMINGJPMF Europe Dynamic (Ex UK) FundType: OeicAim: Growth by investing in growth and value stocks in Europe excluding the UKMinimum investment: Lump sum £3,000, monthly £100Investment split: 100% in growth and value stocks in Europe excluding the UKIsa link: YesPep transfers: YesCharges: Initial 5.5%, annual 1.5%Commission: Initial 3%, Isa renewal 0.5%Tel: 0800 727770JP […]
The is a dangerous degree of consensus among investment houses over expectations for 2005.
FRIENDS PROVIDENT INTERNATIONALZenithType: Unit-linked offshore bondAim: Growth and income by investing in a maximum of 10 funds from 31 fund management groupsMinimum investment: £10,000, $15,000, e15,000Fund links: Choice of 95 funds from Aberdeen, AHL, Barclays, Baring Asset Management, Brandeaux, Ciptadana, Circus Capital, Collins Stewart, Dresdner, Fidelity, Friends Provident International, Franklin Templeton, Gartmore, GAM, Glanmore, HSBC, […]
Jacob de Tusch-Lec and James Foster, managers of the Artemis Monthly Distribution Fund, discuss recent developments and how the fund is positioned. Click here to see full discussion
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]