View more on these topics

F&C gives wider scope to fixed-interest fund

F&C has renamed its fixed-interest fund as the UK corporate bond fund as part of a number of changes to bolster its presence in the core investment-grade portion of the sector.

Fund manager Ian Robinson can now invest up to 20 per cent of the portfolio outside investment-grade issues when he feels appropriate. He therefore has a similar mandate to some of the top-performing funds in the sector.

The 44.4m fund is in the second quartile of the corporate bond sector, ranked 33rd out of 85 funds over three years, according to Standard & Poor’s.

BestInvest investment manager Hugo Shaw says the fund is not a bad performer but there are better options on the market. He says: “Although performance has been second quartile in the past few years, the fund has not really been actively managed and despite an annual management fee of 1 per cent it has acted as more of a tracker. The fund is almost completely investment-grade so perhaps the wider freedom will do it some good.”


Standard Life warning on age and trusts

Standard Life is writing to 4,000 advisers to clarify its position on the age of beneficiaries named in absolute trusts.Following an Association of British Insurers circular issued on January 2, Standard is warning IFAs about the care needed when considering minors as absolute beneficiaries.Gifts to minors will now be classed as chargeable lifetime transfers rather […]

Renewal pledge to B-A retirees

Burns-Anderson’s retirement solutions scheme is guaranteeing to pay up to 70 per cent of a retiring network member’s renewal income for at least seven years.Retiring appointed representatives will also get a portion of renewal commission paid to Burns-Anderson IFA on new business written for their former clients, meaning they can continue to receive income from […]

Skandia support tool for IFAs

Skandia is adding an Isa campaign support tool to its IFA platform, enabling advisers to produce tailored direct-mail campaigns with prepopulated application forms, covering letters and key features documents.

IFA sues Sesame over indemnity clause

A former DBS member is taking Sesame to court over an indemnity clause in his contract.Richard Stock is suing Sesame for debiting 1,600 from his account to compensate for an alleged endowment missale.Sesame is defending its stance and citing clause 9.1 in its contract which says “in the event that [DBS] suffers or pays any […]


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