Fidelity is looking at launching a pan-European commercial property fund next year.Boston-based global property fund manager Steven Buller says a pan-European fund would be likely to include exposure to Eastern European markets and would come under the remit of European head of real estate Neil Cable who was recruited from Standard Life earlier this year. The fund is expected to be a Luxemburg-domiciled Sicav, like its pan-Asian property sister fund. The Asian fund will invest in Japan and Australasia but also offer exposure to lesser-researched property markets, including Malaysia, Indonesia and the Philippines. Buller says: “I could see us launching a pan-European fund out of the London office which would become a member of our global property group. It makes more sense to run a European fund from London. We may end up with a full suite of international property funds.”
ING Direct could end up taking half a million customers away from the broking market, according to Edeus managing director Alan Cleary. He said the launch of ING last month as a direct brand could spell trouble for brokers even though the firm has pledged to sell through intermediaries eventually. However, Cleary doubts that it […]
FundsNetwork chief David Dalton-Brown says life company wraps are purely a defensive move to protect insurers’ legacy position in the market. At the Cazalet Consulting conference, Dalton-Brown singled out Norwich Union’s Lifetime wrap as an example. He said part of their agenda is to control distribution by forming institutional relationships with fund providers with institutional […]
Every week, I try to write about an issue that strikes a chord with at least some readers of Money Marketing. One way to judge whether I have succeeded is to read the emails you send me in response to my comments.
Senior management buy-in is the biggest barrier to firms implementing TCF, according to a third of delegates at the FSA’s recent conference.The 400 financial services practitioners at this week’s FSA TCF conference were polled on their views of the barriers to TCF and how their own firms were progressing with this initiative.33 per cent said […]
Daniel Nicholas, Product Manager of the Harris Associates Global Concentrated Equity Fund, discusses the main challenges and issues facing global equity investors in 2016.
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Support service provider SimplyBiz has signed a third new deal for defined benefit transfer advice work after its original partner pulled out of the marketplace. In an email to members seen by Money Marketing, compliance director Gary Kershaw apologises for any inconvenience caused by Crowborough-based advice firm CFPML’s decision to exit the DB transfer marketplace. […]
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The Budget will lay out Government plans to help build 300,000 new homes a year, according to Chancellor Philip Hammond. The plans will include fasttracking developments with planning permission. Hammond said the Government would use “powers of state” to get homes built on these sites, according to the BBC. The Government will also unveil plans to […]