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Lee Robertson: Fund groups need a lesson from advisers on behaviour

The FCA scrutiny of the asset manager continues apace, with attention now turned to closet tracker funds. Following regulatory lessons and actions already seen in Scandinavia, it has ordered unnamed asset managers to pay out £34m in compensation to investors for overcharged fees. At least one group is facing enforcement action over “very misleading” marketing […]

Royal London drawdown sales spike

A spike in drawdown sales has helped Royal London report a 68 per cent increase in individual pension business. The provider says that as “customers continued to take advantage of the pension freedoms”, new business sales of individual pensions including income drawdown in 2017 grew from £3.8bn to £6.3bn. Royal London chief executive Phil Loney […]

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Complaints watchdog sides with FCA over mortgage misselling case

The FCA has successfully defended a complaint against it after a customer alleged it had ignored interest-only mortgage misselling accusations. The complainant said they had tried to contact the FCA on multiple occasions, but the regulator had failed to properly consider the information given to it. The complainant alleges that a mortgage broker submitted false […]

Investec AM cashes in on Gars and Aviva outflows

Investec Asset Management says it is picking up money from Standard Life Aberdeen’s ailing Gars fund as the newly merged giant continues to take a hit on its absolute return strategy. Investec says inflows are also coming from Aviva Investors through its flagship Diversified Income fund as other large fund groups continue to suffer outflows. […]

India correction: a terrific entry point?

By Kunal Desai, head of Indian Equities, Neptune A key concern for investors who were looking at India afresh has been the rich valuations and strong prior performance. We view the correction in the market through short-term growth concerns from demonetisation as a terrific entry point for the long-term investor. Investors should not be overly concerned […]

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