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FundsNetwork launches discretionary service

Fidelity FundsNetwork has launched a third party discretionary management service for advisers in partnership with Vestra Wealth.

The service has been launched following demand from advisers for discretionary management of client assets on the platform.

FundsNetwork head David White says: “Advisers continue to look for new and innovative ways to support their customers and ensure that their business is ready for change.

“In recognition of this, we have decided to launch this new service to enable those advisers who use discretionary managers, to improve efficiency and add value for their clients.”

White says the platform will also aim to include other discretionary managers on the platform.


TMW launches buy-to-let affordability app

The Mortgage Works has launched a buy-to-let affordability calculator app for Android and Blackberry smart phones. It is available from today and is based on the lender’s “how much can I borrow?” calculator. It allows intermediaries to work out how much their client could borrow from TMW after entering the estimated purchase price and estimated […]

Openwork partners with IFDL for platform offering

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ONS cuts growth estimates

The Office for National Statistics has cut its estimate for UK economic growth from 0.2 per cent to 0.1 per cent for the second quarter of this year. Incorporating new data and a new methodology for calculating growth, the ONS has also revised down its final estimate for first-quarter growth in the year from 0.5 […]

IMF lowers Asian growth outlook

The International Monetary Fund (IMF) has cut its growth forecast for Asia amid concerns over the health of the eurozone and the US. In its latest regional economic outlook, the Washington-based lender says it expects the region’s output to expand by 6.25% in 2011 and by 6.75% in 2012 – levels “moderately lower” than its forecast […]


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