View more on these topics

F&C veteran Tigue to retire

Veteran manager Jeremy Tigue is stepping down from the Foreign & Colonial Investment Trust as he prepares to retire.

Tigue has run the flagship investment trust, which is the first of its kind and launched in 1868, for almost 17 years. He will be replaced on 1 July by F&C Asset Management head of multi-asset investment Paul Niven.

Tigue will retire at the end of the year after 33 years with F&C.

An investment of £1,000 in the investment trust at the start of Tigue’s management would have yielded £3,215 by 31 December 2013 with dividends reinvested, the firm calculates. That compares with £2,697 returned by the FTSE All World Index.

The trust made a net asset value total return of 21.4 per cent, with a total dividend of 9p in 2013. Total shareholders’ funds grew to £2.43bn at 31 December, from £2.08bn the previous year.

FE Analytics shows the trust was third quartile in the year to 3 March, and second quartile over three years.

F&C says Niven has worked alongside Tigue for a decade and is experienced in running large diversified funds.

F&C head of investment trusts Marrack Tonkin says: “We would like to express our warmest thanks to Jeremy for his contribution to FCIT and F&C Asset Management during his long and successful tenure here.”

Whitechurch Securities head of research Ben Willis says: “In terms of investment trusts it is a pretty core holding, but we look for something a bit more specialised or geared.”



Gary Potter: Europe remains unattractive but US may be fully valued

The worst of Europe’s troubles appear to be behind us. We do not expect a return to the depths of the sovereign crisis of 2010 to 2012 but we do believe that equity markets have priced in a stronger recovery for Europe than will actually transpire. The eurozone appears set for a period of low […]


MMTV: Employer data is major stumbling block to auto-enrolment

Money Marketing spoke to a number of pension experts who joined us for our recent sell-out auto-enrolment invitational events across the country. Next up, Finance and Technology Research Centre head of workplace research Jason Green. Agree or disagree with Jason’s verdict? Let us know by commenting below.


Just Retirement reduces minimum fund size to £2k

Just Retirement has reduced its minimum fund size from £5,000 to £2,000 following the FCA’s findings that people with small pension pots are poorly served by the market. The specialist annuity provider says the move will allow more savers to access fully underwritten rates. Just Retirement group external affairs and customer insight director Stephen Lowe […]


Karen Barrett on promoting the value of advice post-RDR

It is fair to say that chief executive Karen Barrett knows a thing or two about the marketing of financial services. After all, she has spent the past 20 years in the discipline that she describes as “a little bit of everything – it sits in the middle of maths and creativity”. At […]

A DGT with 100% access and 100% discount?

Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]


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