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Fidelity stretches its Isa lead

Fidelity looks set to retain its Isa season sales title convincingly as this year&#39s likely winners and losers are revealed in a new IFA poll.
The Keydata survey, which polled 4,000 IFAs, reveals ABN Amro as the unexpected second-placed provider following strong performance from Nigel Thomas&#39s UK growth fund and the launch of a UK select opportunities fund.
Jupiter is third despite a difficult year which saw the departure of chief executive John Duffield as well as many of its star fund managers.
Other surprises include Newton in fifth place and Norwich Union Investment Funds as the top life office-owned fund manager in sixth place.
The UK&#39s 86th-biggest retail provider Exeter Fund Managers is placed 14th.
The season&#39s biggest losers were Scottish Widows Investment Partnership, which failed to register in IFAs&#39 top 20 choices despite being the UK&#39s 10th-biggest retail fund manager. Its decision to centre its fund operations in Edinburgh after its merger with Hill Samuel saw many of its most talented fund managers leave.
Schroders – the UK&#39s second-biggest retail manager – was ranked only 15th.
The Keydata survey asks IFAs how many recommendations they are making for each fund manager and compiles an aggregate number of recommendations per group.
Director of retail sales Mark Owen says: “Our research has highlighted IFAs&#39 ability to identify funds outside the more recognised investment houses. The Norwich Union European growth fund and UK growth funds are prime examples.”
Fidelity marketing director David Cowdell says: “IFA sentiment towards Fidelity is very positive because our performance has been very strong.I imagine that is why some of the smaller groups have also been coming to the fore.”


Adding equities to the asset equation

We concluded last week&#39s discussion by examining the merits of investing in commercial property as a core part of an investment portfolio. We compared the benefits of property against the alternative asset classes we have already considered. It now remains for us to add the final asset class – equities – to this series of […]

Employee benefits planning

Field Marketing Ltd has been in existence for just over 15 years. It has grown from little more than a dining-table operation to a successful direct mail company with 20 employees, including the two shareholder directors, Nigel and Bruce.Four years ago, Field Marketing set up a contracted-in money-purchase scheme (Cimps) with a leading insurance company. […]

Advice quandary as decision on AVCs is delayed

IFAs are slamming the Inland Revenue for stalling a decision over whether to reinstate tax-free cash for AVCs and FSAVCs, leaving them in an advice quandary.IFAs say delaying a decision leaves them unable to give proper advice on whether clients would be better off sticking with AVCs or choosing stakeholder.The Inland Revenue says it is […]

iShares – iBloomberg European Financials

Tuesday, 3rd April 2001.Type: Exchange traded fund.Aim: Growth linked to the Bloomberg European investable financials index.Minimum investment: Subject to negotiation with stockbroker.Maximum investment: None.Investment split: 100 per cent linked to the Bloomberg European investable financials index.Place of registration: Ireland.Isa link: Yes.Pep transfers: Yes.Charges: Annual 0.5 per cent.Commission: None.Tel: 0845 3577000. 


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