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Hard lessons for investors

Plan Invest joint managing director Michael Owen says

“It has hardly been an auspicious start to the new millennium. The concept of making money has proved difficult globally and investors have had to learn that prices can indeed go down as well as up.

“If they are technology investors, they will pray that prices can go up next year. We have seen a return to more fundamental principles of stock selection and a reminder to ignore the advertising and marketing hype and lift the bonnet on a number of funds to see their style of investment and risk profile.

“The key words or phra ses uttered in 2000 have been “volatility”, “style investment”, “hedge funds”, “stock selection is vital” and “fund sup ermarkets” have emerged, ready to be big players of tomorrow.

“The demise of such well known stocks as BT and M&S have hopefully given the public a reason to believe that collective investment schemes may after all be better than ones own judgement.

“Fund managers have jumped upon the theme bandwagon as the key concept of 2000 but advisers tend to be wary of fund managers with new launches and marketing budgets to fill.

“Finally, it has been the year of the moving fund manager, with many star names moving, akin to the football industry and prompting the companies&#39 concerned to say the fund was always run on a team basis anyway.” 


Scottish Equitable add EPP to their range of pre-stakeholder pensions

Scottish Equitable is re-launching its executive pension plan with pre-stakeholder single-charge terms in the run-up to the onset of stakeholder in April 2001. The new style EPP is part of ScotEq&#39s range of single-charge individual pension plans which will be launched in the new year. The EPP offers single-charge terms with a choice of annual […]

Axa&#39s court battle begins today

Axa&#39s court battle with the Consumers&#39 Association begins today, in a case that could have serious implications for all life office orphan assets in the future. Policyholders fronted by the CA are challenging the method it has chosen to distribute some of its orphan assets between policyholders and shareholders. A decision in the High Court […]

Futureproof management charges set

Clerical Medical has unveiled a standard 1 per cent annual management charge across its new Futureproof range of individual pension plans. From the new year, the range will offer a 1 per cent charge on pre-stakeholderstyle personal pensions, free-standing additional voluntary contributions and executive pension plans. The move responds to market forces bringing all pre-retirement […]

Present imperfect

As I write this, I cannot help but wonder what IFAs are wish ing for this festive season. With just over four months to go until the most radical change in pension provision in the UK for a generation or more, stake holder business is sure to be top of the wish-list this Christmas. Like […]


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