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Hargreaves says Sandler is wrong over trackers

Hargreaves Lansdown disagrees with Sandler&#39s view that investors should look to cheaper tracker funds for better returns, saying it is a “classic” case of using past performance.

Hargreaves says the active versus tracker fund debate has become muddied in past years as 75 per cent of actively managed funds have performed poorly but points out that in the next 10 years investment conditions are likely to be very different.

It says trackers may be cheap and look effective in bull markets but will never be a substitute for good stock pickers – especially in bear markets – which it says are always worth paying extra money for.


Low-cost Sipp from GE Life

GE Life is revamping its pension range by offering a new self-invested personal pension with no initial fee and an annual charge of £100.The Simplified Sipp is targeted at the mid-market investor who wants investment flexibility without paying the charges of a full Sipp.Investors can choose from a range of collective funds, inc-luding unit trusts, […]

Inter-Alliance buys HST Financial

Inter-Alliance has snapped up rival IFA group HST Financial for an undisclosed sum.Inter-Alliance is also raising £10 million through a new share placing with Norwich Union and Friends Provident investing £5m each.The move will increase Inter-Alliance&#39s number of RIs by approximately 30 per cent to 1,300 from 1,000.The deal for HST will be on a […]

IFAP highlights £315m wasted by non-taxpayers

IFA Promotion says 5.1 million non-taxpayers would each save an average of £62 if they registered their status with the Inland Revenue.The savings amount to a total of £315m. IFAP says non-taxpayers, including low earners, can obtain form R85 from their IFA, bank or building society to inform the Revenue of their situation.Once the Revenue […]

Maxi and Mini Isas to be brought into line

The Sandler review has recommended that Isas be preserved because of their importance to the savings in the UK.The review team believes that the rules on mini and maxi Isas should be brought into line in the medium term with mini limit raised.It also wants fund managers to make a statement setting out their principles […]


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