HSBC Investments
New World Income Fund
Type: Sicav
Aim: Income and growth by investing in emerging market debt, emerging market equities and derivatives
Minimum investment: Lump sum $5,000
Investment split: At least 90% in emerging market debt and derivatives, up to 10% in emerging market equities
Place of registration: Luxemburg
Charges: Initial up to 5.54%, annual 1%, performance fee 20%
Commission: Initial up to 3%, renewal 0.5%
Tel: 020 7024 0460
We need innovation rather than restriction in the annuity sector
BDO Stoy Hayward Investment Management
The Hyde Park Fund
Fidelity says its direct business will now refer any clients with complex needs taking out its new personal pension to IFAs.
Coventry Building Society
5.99% Offset Fixed Rate
It was only a matter of time before The Pensions Regulator (TPR) started to issue escalating penalty notices, and that time has come. In its latest compliance and enforcement bulletin1, it lays out the powers it has used so far: These figures should come as no surprise to anyone in the corporate market and there […]
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The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]
Five years on from the RDR, and the independent vs restricted debate still holds an exalted position in the market. Significant swathes remain fiercely evangelical in their belief that independence is a pipe dream, or that restricted is a recipe for disgraceful shoehorning. Many of these people are unmoved by the dearth of conclusive evidence […]
Investment adviser Glass Lewis has joined Royal London in opposing the re-election of Metro Bank chairman Vernon Hill. Metro Bank is in the midst of a shareholder rebellion following findings that £4.6m in fees for architectural, banking and marketing services were paid to architect InterArch, run by Hill’s wife, Shirley. Royal London Asset Management holds […]