View more on these topics

FTSE blog: Markets make small gains in early trades

European markets have made modest gains in early trades as the look to recoup yesterday’s trading losses.

At 9.37, the FTSE 100 was up 0.8 per cent to stand at 5340.87, while the German Dax and the French Cac 40 were up 0.3 and 0.4 per cent respectively.

The FTSE fell almost 2 per cent on Wednesday on the back of concerns on Spanish debt. European markets fell across the board while in the US the Dow Jones was down 1.3 per cent at close.

Asian markets also saw falls overnight with the Nikkei 225 in Japan down 1.1 per cent and the Hong Kong Hang Seng down 0.4 per cent.



Fidelity wealthbuilder to be converted to Nurs fund

Fidelity Worldwide Investment is converting its £904m wealthbuilder fund to a non-Ucits retail scheme structure. Currently a Ucits fund, the wealthbuilder fund will become a sub-fund of the Fidelity investment funds IV Oeic on June 29. Fidelity is converting the fund to a Nurs structure to allow manager Richard Skelt greater flexibility in his investment […]

Investec launches commission-free structured products

Investec Structured Products has launched two auto-call structured product plans that have no commission built into the products alongside two identical plans with commission. This gives advisers a glimpse of what commission-free structured products look like, as Investec is an early mover into creating RDR-ready products. Investec has launched almost identical plans in their FTSE […]

Active/passive split is a moot point for Fidelity

Fidelity’s investment solutions group, which manages the firm’s multi-asset and multi-manager funds, has reignited the active versus passive debate in its latest strategy note, Clockwise. Rather than supporting one strategy or the other, investment director Steven Edgley says both are important in portfolio construction and the boundary between them is not always clear. Edgley sees […]

LEBC makes £580k loss after £730k restructure

National IFA LEBC made a £580,000 pre-tax loss for the year ending September 30, 2011 after spending £730,000 on a restructure of the business. The £580,000 loss compares to a £62,000 profit the previous financial year. The firm’s accounts show its turnover increased by 8 per cent to £10.2m compared to £9.5m the previous year. […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]


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