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F&C won’t mix green with multi-manager

F&C says it is not tempted to combine its multi-manager experience with its ethical expertise by launching an ethical fund of funds despite greater awareness of issues such as climate change among investors.

It already has a significant presence in the ethical funds market with its range of three Stewardship funds, the UK ethical fund and the balanced socially responsible fund. It also runs a range of multi-manager funds, including four recently launched lifestyle funds.

Many multi-managers are playing environmental themes in their portfolios but F&C says this does not mean there is a need to create an ethical fund of funds. Its multi-manager team believes there is not enough choice in the ethical funds market to create a multi-manager product.

Director, head of communications, Jason Hollands says: “Issues such has climate change have become mainstream but an ethical fund of funds is not something we are considering. Outside funds of funds, we are always looking for new ways of developing our ethical funds. F&C is also the only asset manager on the corporate leaders’ group on climate change. We are hugely involved in this business, irrespective of ethical funds.”


FOS protection claims down

The ombudsman received almost 20 per cent fewer complaints for income protection insurance this year while complaints for payment protection insurance and similar products increased by nearly 40 percent.The Financial Ombudsman Service annual review, released today, shows 891 complaints were received for income protection insurance in the year ending March 31 2007, compared to the […]

Lighthouse ties up deal with accountancy network

LighthouseCarrwood has been chosen to provide financial advisory services to CerTax, the national professional accountancy network.CerTax consists of over 100 accountants and combines traditional accountancy services with business advisory and development services for sole traders through to large limited companies.LighthouseCarrwood is the group’s professional salaried adviser division and consists of independent advisers based within accountancy […]

Friends raises the stakes

Friends Provident’s swoop for Sesame and high-net-worth IFA Pantheon marks a huge change in strategy for the life office on distribution but its rationale is unclear. It had restricted itself to buying stakes in businesses, like many other insurers.

£100,000 cap for FOS binding awards confirmed by High Court

The High Court has confirmed today that it does not have the power to make a binding award requiring a redress payment in excess of £100,000.CMS Cameron McKenna says that despite attempts by the Financial Ombudsman Service to circumvent the monetary award, the High Court has put a limit on the award granted. CMCK says […]


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