View more on these topics

Framlington biotech fund adds Isa link

Framlington has made its biotech fund available for Isas, just two months after it said the fund would not be Isa-able because many investors would not understand the risk.

The biotech fund, which was launched in November, is managed by star Framlington health manager Antony Milford. However, unlike Framlington Health, which has less than 40 per cent in the biotech sector, the new fund invests solely in biotech and carries much greater risk.

At the biotech fund&#39s launch, Framlington said it would not offer the product within an Isa, to ensure investors who did not understand the risk in investing in such sectors, did not buy the fund.

But Framlington now says it has had a change of heart, after IFAs asked for the fund be made Isa-able. However, it says it will not promote the fund through direct advertising and mailshots.

Framlington marketing director Craig Walton says he believes that it was the right decision not to make the fund available for Isas at launch. He says: “We got a lot of demand for an Isa from the IFA market. Therefore, we decided to go along with it.”


Sandler: My task is to blend reviews

Ron Sandler has welcomed the FSA&#39s plans for polarisation, calling it an inevitable step forward but conceding that IFAs may be concerned about the prospects for change.In a speech at an ABI Conference in London this week entitled, The Savings Gap and the Sandler Review, he said IFAs will have serious questions to ask themselves […]

Poleaxed as FSA opts for massive changes

Over 13 years of polarisation is to be swept away following radical proposals from the FSA to overhaul distribution and advice completely.Multi-ties, or “distributor firms” will be introduced, directly authorised by the FSA they will be responsible for advice given rather than a lead provider which had been widely touted.The better than best rules will […]

CA attacks FSA plan

The Consumers&#39 Association has issued a hard hitting attack on the FSA&#39s proposals for playing into the hands of big providers and issued a strident defence of independent financial advice.The defence is being led by director general Sheila McKechnie. The CA believes a move against polarisation could deny access to independent advice to the vast […]

Norwich Union says proposals must not harm IFAs

Norwich Union has guardedly welcomed the abolition of polarisation but says it will be a failure if the IFA sector suffers significant shrinkage as a result. Sales and marketing director Peter Hales says he agrees with the main thrust of the paper but is concerned the FSA&#39s commission proposals – which he believes favour multi-tied […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm