Allianz Global Investors has launched a performance fee structure on five of its UK funds in response to the competition with passive providers and an increasing transparency clampdown. The ‘outperformance fee’ share class will charge a fixed fee of 20 basis points and a performance fee of 20 per cent that will apply only if the […]
Aviva is planning to buy back £600m of its own shares, in an effort to deploy £2bn of excess capital this year. The provider says it has “significant excess capital” and this year will use £900m for debt reduction, £500m for acquisitions and £600m for the share buy-back. The buy-back will run from today to […]
With providers starting to release their claims statistics for last year, it is reassuring to see that they make for good reading. So far, life claims paid are coming out above 98 per cent and critical illness claims around 93 per cent. Aegon and Cirencester have also published income protection claims paid in excess of […]
Standard Life confirms it has no plans to relaunch its suspended transfer value analysis service. The provider was the first to axe this service after the FCA published its long awaited policy statement on defined benefit transfers at the end of March. In the statement the FCA said accepting free TVAS software could be seen […]
By Joshua Ausden, Head of Client Investment Strategy at Neptune FE Alpha Manager Mark Martin and Assistant Manager Holly Cassell explain how they have delivered sector-topping returns with a low level of volatility in the UK Mid Cap Fund. Since inception in December 2008, the £616m fund has returned 299%, outperforming the FTSE 250 Index […]
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