The salary of the highest-paid Positive Solutions director more than doubled in 2007 to £722,000 from £308,000 in the previous year.
A new group has launched for those IFAs and wealth managers that have set up Oeic funds for their clients.
The anticipated spike in Sipp business due to the recent legislative changes to protected rights has not materialised because of the credit crisis.
AIG Life has unveiled a conditional exit plan to allow investors in the enhanced fund to withdraw their investments if the auction price for assets reaches a certain threshold.
The latest update from the Sustainable Investments Team at Royal London Asset Management, Responsibility Matters, is now available. In this edition the team look at issues such as the growing acceptance of sustainable investing and technology in China. Read the update here: The value of investments and the income from them is not guaranteed and […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]