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Fidelity snatches “number one” spot from MAM

Fidelity Investments has snatched the mantle of top fund management group from Mercury Asset Management in the Reuters 2000 survey of larger companies.

The finance directors from 250 of the FTSE 350 voted in the survey.

Fidelity have regained the number-one spot from last year&#39s highest ranked fund manager MAM which is now pushed down to third place. Schroder Investment Management came in second.

Fidelity Investments director of European research Shigeki Makino says: “We have focused our efforts on improving relations with companies”.

He partly attributes the success of Fidelity to its success in opportunities and risks of the internet.


NAPF extremist claim “outrageous”

The National Association of Pension Funds has accused the Government of encouraging threats against institutional investors by animal rights extremists.NAPF director-general Ann Robinson said regulations concerning ethical investment, which are being introduced in July, “give encouragement” to activists.The regulations will force pension funds to declare “the extent to which social, environmental or ethical considerations are […]

Majority believe PMI will be necessary by 2010

The majority of people believe they will ultimately be forced to pay for medical care, according to research by specialist provider Saga.Nearly three quarters, or 74 per cent, of its 1011 representative respondents believe private medical insurance will be a necessity within the next decade.The provider is using the figures to argue against the withdrawal […]

New Teps site to offer on-line quotations

Teps market makers have joined forces with investment manager Neville James to launch a website providing IFAs with on-line policy offers quotations from Association of Policy Market Makers members plus the opportunity to reserve policies on-line.The site also aims to provide the latest information surrounding the Teps market, including a frequently updated sales list […]

CA drafted to frontline against multi-ties

The Consumers&#39 Association is being drafted into the frontline in the IFAs&#39 battle against the introduction of multi-ties.The FSA has commissioned a report into the future of polarisation and is taking submissions from across the industry, prompting IFA fears the Government plans to abandon the system.Both Aifa and Sofa believe their bid to preserve the […]


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