GMAC RFC says it is not for sale despite General Motors’ negotiations for the sale of its US commercial arm GMAC Commercial Mortgage. Market speculation surrounding the future of GM’s UK residential arm has been fuelled by the reduction of GM’s status by Moody’s Investors Service to one point above junk on April 5.
Friends Provident has established The Personal Range which comprises an individual personal pension and stakeholder pension.
The UBS absolute return bond fund has taken 40m in inflows during its three-week offer period. The Ucits 3 fund aims to generate a return regardless of market conditions through a diversified global bond portfolio. the targeted gross performance objective is UK bank rate plus 2.15 per cent with an anticipated volatility of 3 per […]
Artemis is launching a strategic bond fund in the second quarter of this year. The fund will be run by James Foster and Alex Ralph, who join Artemis this month from Isis.
Legal & General has paid out 139m to settle pension and endowment misselling compensation claims. The figure includes the cost of its pension and endowment sales reviews and related admin costs.
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The key message for advisers is: check, check and check again
This week marked two significant events for the advice community. It has been a year since the FCA’s asset management market study launched and, of course, the Autumn Budget was revealed on Wednesday. Both, in their own different ways, test how much value advisers can offer for their fees. The FCA is almost certainly right […]
Standard Life Investment has added global credit and REITs to its MyFolio fund range in its latest quarterly review of its strategic asset allocation. In an update shared with its intermediary investors, SLI said it had introduced global corporate bonds and short-dated global corporate bonds, both hedged back to sterling. The allocation to global corporate bonds […]