The IMA says the FSA should adopt a common disclosure regime covering all products available to retail investors, in response to the regulators recent discussion paper on a wider range of retail investment products. While the IMA does not think hedge funds should be marketed directly to the public it says other routes providing diversification of risk should be explored.
Cavendish Asset Management has unveiled an Aim fund, the third fund in its Oeic range.
Respondents to the Aifa poll on including multi-ties in the trade body could never have imagined that their under-representative responses would ignite such fervour. The multi-tied provider of any financial product is to consumer benefit what low-budget airlines are to the Euro-traveller. The price may represent value for money but the destination is more often […]
Norwich Union saw individual pension sales grow by 22 per cent quarter on quarter after it boosted commission in July. The company admits it has sacrificed some margin to maintain market share because of aggressive pricing from competitors on stakeholder and personal pensions. Chief executive Gary Withers says he was uncomfortable raising commission in July […]
Abbey for Intermediaries has, in conjunction with Knight Frank, established the residential property plan , a capital-protected bond linked to the performance of the Halifax House Price Index over a 10-year term.
“Nothing tastes as good as skinny feels,” said supermodel Kate Moss, who is not often credited for her insights into policy making. Perhaps she should be. In politics, as in matters of diet, the course of action that is the best over the long term is often not the most desirable course of action in the short term. Add the instant gratification of the democratic electoral cycle and, instead of good policy making, you sometimes get the equivalent to a midnight binge in front of the fridge.
The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]