F&C is to merge its range of open-ended onshore funds, with 53 funds being converted into 47, subject to fundholder approval. F&C intends to register the entire range of Oeics under Ucits 3, enabling the funds to be marketed across Europe.
Our panel of experts give their opinions on cross-subsidies, the prospects for single ties and sourcing systems.
AIFA has hit out at the ABI’s proposals for an overhaul of IFA commission payments saying they are pointless given no commission bias was found.
Norwich Union is to offer IFAs 5 per cent flat initial commission for all single-premium investments in four funds. NU will offer the commission for investments in the Norwich active protector fund, Norwich UK ethical fund, Norwich distribution fund, and Norwich managed high-income fund. The offer will apply to Oeic, Isa and Isa transfer business […]
IFAs say the argument between Neptune and Britannic over two fund managers moving reflects fund companies’ sensitivity at losing managers.
Advisers need to assume three key roles
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Online wealth managers have struggled to enter the UK auto-enrolment market because of high costs and legislation and are now looking elsewhere for opportunities. Moneyfarm chief financial officer Paolo Savini Nicci tells Money Marketing the firm has no plans to get involved in auto-enrolment, because of a “crowded” marketplace, relatively low account values and high costs. […]
In recent months, providers have reassessed their plans on offering guaranteed drawdown products
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