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IMA opts against making absolute return rejig

The Investment Management Association has decided not to make any changes to the absolute return sector as part of its annual review.

The IMA says it had considered sub-categorising the sector ahead of its second anniversary, but says that it was not sufficiently large or mature enough to do so.

The IMA absolute return sector was created in April 2008. It currently has 48 funds with a total of £13.6bn of assets under management.

IMA director of markets Jane Lowe says: “The IMA is currently undertaking a  wider review of its sectors which will give a further opportunity to consider  some of the issues relevant to the absolute return sector.  Unlike many  other IMA sectors it is based on an investment objective rather than by  reference to the assets which comprise it.”


SJP offers £1.8m payout to investors in Carron firms

St James’s Place has offered a £1.8m package of compensation to investors who lost money when former senior partner Peter Carron advised them to invest in his own businesses. It says it will cover losses where it has evidence that a client believed Carron was acting as a representative of St James’s Place when he […]

ABI talks with Government over DB ban

The Association of British Insurers says it is in talks with the Government to clarify why it is proposing a ban on the majority of transfers from defined-benefit to defined-contribution pension schemes from April 2012. Earlier this month, Money Marketing revealed that the Government is to stop the bulk of people from transferring out of […]


CarVal walks away from Lifemark rescue talks

Talks between US hedge fund CarVal and the Luxembourg arm of KPMG over a $20m restructuring loan for Lifemark have this morning collapsed. CarVal was pushing for further due diligence work on Lifemark’s $1.3bn portfolio of traded life policies but KPMG has decided the costs associated with this would be too high, Money Marketing understands. […]

How do you choose the best online service?

By Ross Jackson, senior marketing manager There are many different protection online services available in the market and no doubt you’ll have used a few when submitting protection business. But why should you have to put up with slow, unresponsive sites for your business when you’re used to dealing with slick, modern user experiences in your […]


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