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‘Get set for fund reaction from clients’

PSigma Asset Management managing director Ian Chimes believes advisers must get prepared to reassure their investment clients in May and June after they receive their latest fund valuations.

The majority of unit trust firms value their assets twice a year, with the upcoming valuation in April likely to show the growing impact of the credit crunch over the last six months.

Chimes says: “It will be a case of investor confidence. What has gone in markets recently is unlikely to go unnoticed and unless markets stabilise in the next few weeks, there is bound to be a recognition of the market turmoil when Isa, Pep and unit-trust valuations from April 5 land on people’s doormats. If the volatility persists, however, it will be a case of clear communications and reassurance of investing for the long-term.”

Wilson Dean Financial Services director Nick Lincoln says: “Advisers are likely to see a small increase but hopefully most clients would be prepared for the change and most advisers would be looking at valuations online and be prepared for any calls.”

Chelsea Financial Services managing director Darius McDermott says: “It is true that looking at your investment on paper does make people realise what is actually going on but we think most clients are wise enough to recognise what is happening and we think that an increase in May and June would be fairly modest.”


DDQ gets dynamic on commodities

Structured product provider Dawnay Day Quantum has introduced protected commodities dynamo, a capital-protected bond linked to a basket of eight commodities.

Tax and trust arm for corporate sector

AWD Chase de Vere is launching a tax and trust division aimed at its corporate and professional clients, to be headed by former heads of Alexander Forbes’ tax and trusts team Paul Grafton-Holt and Claudio Bacci.

30% Of public to use Isa allowance

Only 30 per cent of the public intend to use their Isa allowance compared with 71 per cent of active investors, says the Association of Investment Companies’ investor confidence index. It says 37 per cent of active investors think a recession is the biggest threat to their finances.

Strauss to head Lifetime wrap

Norwich Union has appointed the former boss of John Scott & Partners and John Charcol. Toby Strauss. to head its Lifetime wrap.Strauss, who begins immediately, will report directly to NU chief executive Mark Hodges with the title Lifetime managing director.Strauss co-founded and has been working for IT support company OrderWork since May 2006 and has […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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