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
News and expert analysis straight to your inbox
Sign up
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed
Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]