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IMA launches 0-35% mixed investment sector

The Investment Management Association has launched the mixed investment 0-35 per cent shares sector, after it was delayed earlier this year due to lack of demand.

The sector had originally been planned for launch alongside the other multi-asset sectors at the start of the year, but low demand resulted in a delay.

The IMA has added 13 funds to the sector, above the minimum 10 required for a sector launch.

The sector’s funds include the 7IM AAP Moderately Cautious fund, 7IM Moderately Cautious fund, CF 7IM Income, CF 7IM Personal Injury, AXA Defensive Distribution, Barclays High Income Portfolio, Barclays Income Portfolio, Barclays Wealth Global Markets 1, City Financial Diversified fund, Fidelity Multi Asset Allocator Defensive fund, Fidelity Multi Asset Defensive fund, Fidelity Retirement Income fund and Jupiter Distribution fund.

The funds in the sector are required to have a range of different investments with up to 35 per cent of the fund can be invested in equities. At least 45 per cent of the fund must be in fixed income investments and/or “cash” investments.



Baroness fears RDR will hit annuity advice

Influential campaigner Baroness Greengross is preparing to lobby senior Government ministers over concerns that people with small pension pots will be unable to access independent financial advice after the RDR. The issue relates to the role advisers play in helping customers to shop around for a retirement income. Research from Partnership suggests less than half […]

Nest hands responsible investment contract to Co-op

Nest has awarded a responsible ownership contract to The Co-operative Asset Management. TCAM will help the Government-backed pension scheme formulate policy on environmental, social and governance issues as part of its investment strategy. TCAM will work with proxy voting agency Manifest. Nest chief investment officer Mark Fawcett (pictured) says: “Nest continues to deliver on its […]

FCA and PRA will have single complaints system

The Prudential Regulation Authority and the Financial Conduct Authority will operate under one complaint system, under new Government proposals. In October, Complaints Commissioner Sir Anthony Holland called for the draft financial services bill to be changed because it would have seen the PRA being subject to a less transparent and less independent complaints process. In […]


British MEPs stay at top of Econ committee

The European parliament’s economic and monetary affairs committee has voted to keep two British MEPs at the top of the team which helps shape financial regulation emerging from Europe. Liberal Democrat Sharon Bowles (pictured) will serve another two and a half years as chair of the econ committee, while Labour MEP Arlene McCarthy will stay […]


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