Will investment trusts win over advisers?

Despite offering higher average returns than open-ended funds, advisers are continuing to shy away from investment trusts. Recent research by the Cass Business School suggests that the alpha generated by investment trust managers was higher than that by managers of unit trusts on average. Even taking into account factors such as gearing and share buybacks, […]

Fund manager slashes competition probe penalty provision

Fund manager River and Mercantile has reduced the amount it set aside for a potential penalty relating to a FCA competition probe by £900,000. In March, River and Mercantile said it set aside £1m through a reduction in director pay in response to the regulator’s investigation. In a trading update today, the firm says that […]

death benefits pensions

Death benefits: Discretion or direction?

Jim Grant – Senior Product Insight & Technical Support Analyst, Royal London  Jim Grant considers the impact of different approaches to nominating beneficiaries for death benefits. When a pension scheme member dies, the scheme administrator has to pay the death benefits to someone. The process of choosing who the beneficiary(ies) should be can either involve the […]


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