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Henderson enters third phase of fund rationalisation

Henderson Global Investors is to merge two funds and close a third fund as part of the latest phase of its fund rationalisation.

The £41.4m Gartmore Long Term Balanced fund managed by William Edgar will be merged into the Henderson Diversified Growth fund managed by Bill McQuaker and Christopher Paine.

According to the asset manager, the merger will give investors access to a fund with greater flexibility.

Additionally, the Henderson Equity Income trust, in which there are no direct retail investors, will be merged into the £304.5m Henderson UK Equity Income fund.

The Henderson Japan Absolute Return fund will close due to its small size.



The challenges of providing offshore bonds

The various tax regimes across the world have always been a headache for advisers, but a modern pan-European approach from Dublin and Luxembourg is simplifying matters for globetrotting clients

Plans to develop simple products unveiled

A group of representatives from industry bodies including the Association of British Insurers, the Money Advice Service and Which? have put forward recommendations to launch a range of simple financial products with no additional features. In October, the Treasury created a steering group to develop a range of simple products, headed by former FSA director […]


Pru boosts face-to-face advice team by 50%

Prudential is boosting the number of staff working within its face-to-face advice service from an initial target of 80 to 120 by the end of the year. The insurer began rolling out its Prudential Financial Planning service in February following a pilot with around 20 field-based staff. The service offers face-to-face advice for existing customers […]

HMRC warns 7,500 savers of auto-enrol protection risk

HM Revenue & Customs is warning 7,500 people that they risk losing enhanced protection on their pension pot if they do not opt out of automatic enrolment. People who applied for enhanced protection before A-Day, 6 April 2006, are protected from high tax charges if their fund is valued at more than the lifetime allowance […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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