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Hollands calls for funds to stay open despite crisis

IFA BestInvest has called on fund managers not directly affected by yesterday’s attrocities to keep funds open and not suspend trading.

Deputy managing director Jason Hollands says that the tragic loss of life overshadows all other concerns. But he is urging investors not to take drastic action that will crystalise losses.

He also argues that despite massive costs likely to be felt by the certain sectors such as the insurance industry the impact globally may be less significant.

He points out that the US is already some way into a downturn which could actually provide some element of downside protection.


Outside edge

I recently had the benefit of a discussion with a senior person at IBM who used an analogy to explain that sudden change often provokes more action than when it is gradual. It concerned a frog sitting in his cold-water pond who jumps out when boiling water is poured in but remains in his pool […]

Website offers professional links

My Money Adviser is launching a website that allows IFAs to expand their internet presence through sites that share branding with professional partners such as lawyers and accountants. The MultiSite enables IFAs to co-brand ecommerce sites with third parties, allowing the IFAs partners to refer their clients to the adviser&#39s site, giving access to My […]

Julian Gibbs

High-income products have come under increasing scrutiny following warnings from the FSA over the true levels of risk and high-profile examples of products falling through their protection barriers early in the term. The FSA is to be applauded for its stance. The attitude towards risk is one of the first questions that needs to be […]

EAxa retreats on selling rival plans

Axa has shelved plans to sell competitors&#39 products with the aid of online advice on its proposed new website. The-commerce project, known internally as eAxa, stirred IFA concern that it could pave the way for an online multi-tie, when Money Marketing revealed the life office&#39s plans in January. The website was initially to sell life […]

Can you put a hat on?

By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]


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