The group’s £6m UK equity fund has underperformed by 10 per cent over the past three years.Modray says this proves that large resources are no guarantee of success.A Morgan Stanley spokesman comments that the fund is not marketed and has “minimal assets”.
Most IFAs say they would con-sider changing their business model if the FSA offered financial or other incentives to become a professional financial planner, according to Aegon’s latest IFA Insights survey.Sixty-one per cent of adv-isers said they would consider gaining higher qualifications and introducing customer agreed remuner-ation to fit the FSA’s proposed “professional model” if […]
Principal’s latest fund ratings see Toby Thompson’s New Star higher income fund put on its black list of underperforming funds.Standard Life UK equity high income manager Karen Robertson makes her debut on the white list of top performers while Rathbone income manager Carl Stick slips into the middle-ranking grey list for the first time.Principal issues […]
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]