Focus Solutions has signed a restructured enterprise licence agreement with existing client Openwork.The enterprise licence agreement is for the Openwork Trading Platform and for multiple sales processes covering the Mcob, Icob and Cob business streams.The contract is worth between £650,000 and £900,000 over five years and includes licence, support and maintenance fees for several aspects […]
Insinger de Beaufort says it will maintain the defensive position of its multi-manager income fund despite some of its peers in the Investment Management Association’s cautious managed sector having higher exposure to equities and high-yield bonds.The company says the IMA cautious managed sector is contradictory in some ways as it allows up to 60 per […]
Pension victims who lost their savings when company schemes collapsed won a victory in the House of Lords last week but the amendment may still be defeated in the Commons.The Government was defeated by 55 votes – 181 to 126 – when peers backed proposals for a lifeboat fund to top up compensation awarded to […]
By Rob Burnett, Neptune European Opportunities Fund
In recent months, investors have become more pessimistic about both the European and the US economic outlook and yet stockmarkets have pushed on to new highs. Some would argue that this is a worrying divergence. We would take the opposite view. This appears to be classic bull market behaviour. A wall of worry has been rebuilt, and stockmarket resilience should be taken as a sign of strength. The market is discounting an improving economic outlook ahead, particularly in the south of Europe.
If you agree with the premise that funds with high charges generally underperform those with low charges, then you must also agree a portfolio that accrues high costs will generally underperform one with lower costs. And if you accept this, the obvious conclusion is to hack away anything that increases that cost. Switching from higher-priced […]
Following the withdrawal of guidance on unfair contract terms in 2015, the FCA is now consulting on draft guidance based on current legislation. The move highlights its concerns that contract terms allowing firms to unilaterally vary them may be unfair to consumers and disrupt the balance of power. That said, the FCA does acknowledge the […]
Aegon is readying to pay compensation to advisers and investors that were impacted by problems following the Cofunds replatforming in May. Speaking to Money Marketing today, Aegon UK chief executive Adrian Grace says compensation will be paid for a range of issues, including advisers having to do extra work as a result of the Cofunds […]