The move means that T Bailey’s growth and equity income funds are available to onshore bond investors for the first time.The funds were added to the Cofunds and Transact supermarkets and Amex wrap service earlier this year and are already available via self-invested personal pensions, Isas and offshore bonds. T Bailey sales director Rob McGrath says the move is in response to a number of requests to invest via onshore bonds. Total assets under management at T Bailey have topped £117m for the first time in the past year. Selestia head of investment marketing Graham Bentley says: “The addition of these funds from T Bailey will provide our advisers with a fund of funds option demonstrating strong and consistent performance figures. “We are pleased to have them on our platform, taking our total funds now to 714 from 58 fund managers.”
Standard Life has added a tax free lump sum calculator to its adviserzone website as part of its countdown to simplification campaign.The tool will enable advisers to calculate whether their clients are entitled to tax free cash above 25 per cent of their pension fund and plan ahead for A day accordingly.Standard John Lawson marketing […]
Swip/Hill Samuel topped the chart with 424m in net retail sales followed by Invesco Perpetual which sold 298m net, thanks to strong sales of Neil Woodford’s UK equity income funds. Newton’s higher-income fund and New Star’s property fund also sold strongly, achieving net retail sales of 245m and 224m respectively. Fidelity special situations, Artemis income, […]
Multi-manager T Bailey Asset Management says it is keeping an eye on Oceanic Asset Management’s new Australian resources fund although it prefers to access opportunities in the region through global resources funds.
Royal Bank of Scotland and Bank of China have established an exclusive strategic partnership after 18 months of negotiations. RBS will nominate a director to sit on the BoC’s board and will lead an investment of 10 per cent in BoC for 1.7bn. Of this, RBS itself will invest 0.9bn, with no plans to increase […]
Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.
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A law firm is set to issue more than 30 cases against Liberty Sipp in what it believes is the largest number of claims issued against the provider to date. Anthony Philip James & Co alleges the Sipp provider is responsible for the misselling of Sipps between 2011 and 2013. It says it has up […]
Two years on from the sunset clause, advisers remain concerned over client poaching and how platforms deal with clients they have deemed “financial orphans.” The FCA banned platforms from retaining rebates from fund managers in 2014, but allowed the payment of commission to advisers to continue. The introduction of the sunset clause in April 2016 […]
The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact