Aberdeen, Gartmore, M&G, HSBC and Perpetual are the most popular fund managers with high net worth clients according to a new survey from Tulip.
The five managers came top in a survey of clients with assets of more than £500,000.
The survey also revealed that less than half of wealthy individuals had heard of Threadneedle, Britain’s third largest retail fund manager. Barclays was the most recognised brand, followed by Scottish Widows and Standard Life.
I run a small information technology company with a permanent staff of 30.I have recently set up a stakeholder pension and some death-in-servicebenefits with a provider which contacted me direct. Following feedback frommy employees, I am keen to provide a better benefits package, perhapsincluding medical insurance. I have an annual budget of around £5,000and would […]
Barclays Private Equity is backing a management buyout of non-conforminglender Preferred Mortgages in a £270m deal. Following a similar investment in credit card firm Clydesdale in January,BPE has bought an 83 per cent stake in Preferred from the Rotch PropertyGroup, with the remaining 17 per cent going to the management team. The buyout was led […]
The PIA has fined IFA Westerby Investment Man-agement £20,000 forpension review failings. The Hampshire IFA must also pay costs of £3,850. PIA visits to the firm in March last year identified serious failings inits conduct of the review, including failures to identify its startingposition accurately and adequately verify its starting population. Westerby also failed to […]
The European Central Bank has decided to leave its core rate unchanged at 4.5 per cent, following the Bank of England's decision to maintain its rate yesterday.Calls for a rate cut had been made following poor unemployment results in Germany, but the ECG showed restraint in light of rising inflation in Eurozone, which rose to […]
Cormac Weldon reviews the first year of Artemis’ initial three US funds, and where he sees things going from here. Click here to read full article
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AFH chief executive Alan Hudson on leading the industry’s most prolific advice firm consolidator After announcing four acquisitions in just two weeks earlier this month, AFH chief executive Alan Hudson knows the market has questions about the sustainability of the group’s success. AFH is becoming a mainstay of adviser-press headlines as it continues buying up […]
Auto-enrolment has transformed saving and new regulations will help the pensions industry keep up. In 2012, pensions saving ebbed to a new low. Just 42 per cent of eligible private sector workers were participating in a workplace pension. Just six years on, that figure has soared to 81 per cent. The impact of auto-enrolment has […]
Michael Klimes examines the sceptical attitude advisers take towards crypto-currencies Unregulated investments can take diverse forms in the UK, from burial plots near Birmingham to storage pods in Blackburn. In more exotic locations such as the Caribbean, property is popular, while so-called “ethical crops” have lured investors to Africa. While these have been on advisers’ […]
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