Newton has appointed Neiloy Ghosh from SG Asset Management to head its Japanese equities desk. Ghosh will also run the Japan fund.
Trust-based Sipps will continue to be prevented from holding protected rights, according to the latest Department for Work and Pensions update. But Sipp arrangements will be allowed to sit within the wrapper of an appropriate scheme without invalidating its contracted-out status.
Investec Asset Management has made three promotions within its fixed income team.Harsha Patel and Anna Lees-Jones have become co-heads of credit. Patel will be responsible for managing bottom-up credit selection while Lees-Jones will take charge of top-down macro credit decisions. They have 23 years combined experience in portfolio management. Kieran Roane has been promoted to […]
Meaningful guidance on the wholly and exclusively test is conspicuous by its absence
Witan Investment Trust is to pay a second interim dividend of 5p per ordinary share to be paid on April 3, 2006.This represents an increase of 2.3 per cent year-on-year in total and is in line with the board’s intention of growing dividend payments to keep pace with inflation. It makes a total annual distribution […]
Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]