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Fidelity Fundsnetwork picks 16 funds for Isa short list

Fidelity Fundsnetwork has selected a short list of 16 Isa funds for the Isa season.

The funds, which have been approved by Old Broad Street Research, are arranged into four categories including income, balanced, growth and global.

The income category includes M&G optimal income, Invesco Perpetual monthly income plus, BlackRock UK income and Newton global higher income.

In the balanced category, there is the Fidelity multi-asset strat- egic, Investec cautious managed, Axa distribution and Newton real return.

The growth category includes BlackRock UK absolute alpha, Jupiter Merlin growth portfolio, GLG UK select and Aberdeen world equity while the global category includes the Neptune global equity, Schroder Asian alpha plus, Ignis Hexam global emerging markets and Investec global energy funds.

Fidelity International head of platform sales Julian Webb says: “Fund selection can be a daunting and time-consuming process for any investor. Advisers and investors can pick a package that best suits their investment aims and objectives and be confident in the knowledge that the funds are all OSBR tested and rated.”

Clancy’s Financial Planning IFA Jim Clancy says: “The adv- iser still has a duty to carry out risk profiling even if a product is suggested.”


Canada Life pulls annuity guarantee at gender fears

Canada Life has become the first provider to stop offering a guarantee period for annuity quotes due to the uncertainty surrounding the European Court of Justice ruling on gender discrimination in annuity pricing. The ECJ’s final decision, due on March 1, follows an opinion statement from advocate general Dr Juliane Kokott questioning whether the use […]


Omo law not priority, says pensions regulator

The Pensions Regulator chief executive Bill Galvin says he will not push the Department for Work and Pensions to introduce legislation to improve take-up of the open market option. In an interview in this week’s Money Marketing, Galvin says the issue is not a priority for the regulator in the short term. He says: “I […]


FSA fines two firms £143,500 for pension switching failings

The FSA has fined two firms, Perspective Financial Management and Cricket Hill Financial Planning, a total of £143,500 for failing to check the suitability of the pension switching advice they gave their clients. PFM, based in Milton Keynes, was fined £49,000. It was bought by consolidation vehicle Perspective Financial Group in April 2008 and the FSA […]


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