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Partnership plans US long-term care annuity launch

Partnership plans to expand into the US insurance market with the launch of a medically underwritten immediate needs annuity. The product, which will be distributed by American firm Genworth, is similar to the firm’s UK Care Annuity. The policies are sold to people at the point at which they enter long-term care and provide a […]

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Axa Wealth to close 115 funds

Axa Wealth is to close 115 externally managed funds because they are no longer economic to administer. The firm says investment has fallen to a level where the funds have become “uneconomic to maintain”. However, no in-house funds will be closed in the review as they did not meet the “closure criteria”, a company spokesman says. The funds will close between […]

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Schroders urges FTSE 350 firms to ditch quarterly reporting

Schroders has joined LGIM in calling for FTSE 350 firms to shed quarterly reporting. Schroders wrote to all FTSE 350 companies at the end of last week to urge them not to continue publishing quarterly results as it encourages a short-term approach and is time consuming. The rules from accounting watchdog the Financial Reporting Council […]

US equities: opportunities for short sellers expand

Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]

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