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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Last month, the BBC’s Money Box covered the story of a protection customer who had seen her quoted life and critical illness premium rise by around a third after she disclosed a historic mental health issue. The woman was taking cover as a parent of young children and had originally chosen an insurer after getting […]
The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]
Collapsed wealth manager Greyfriars Asset Management sold its Sipp and SSAS administration business to Hartley Pensions for £820,000 an update on Companies House shows. Money Marketing previously discovered Hartley took on 1600 Sipps, 160 SSAS and almost £500m assets under management onto its books for an undisclosed sum, with fresh documents now revealing the value […]
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