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Intrinsic offers to take on AR liability

Intrinsic is offering to take on the regulatory liability of the 109 firms, comprising 200 appointed representatives, of Friends Provident’s now closed mortgage network. Friends says the network accounted for 1 per cent of its business and90 jobs will be affected.

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F&C aims to keep distribution fund ahead of increasing competition

F&C Asset Management is confident that its multi-manager distribution fund has a competitive advantage over other companies which are entering this market as an alternative to with-profits. The distribution fund recently hit the £250m mark at around the same time as Fidelity set up its multi-manager distribution fund. F&C concedes that the market is competitive […]

100 Stocks and 10 managers for UK best ideas fund

Skandia has released the final line-up of the UK best-ideas fund, complete with an indication of the asset allocation based on a model portfolio. The fund will comprise 100 stocks and feature the best 10 ideas of 10 UK managers. Axa Framlington has two managers in the fund – George Luckraft and Roger Whiteoak, plus […]

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Role of the intermediary: Bradford & Bingley director of distribution Adrian Scott assess the starting turn-round in mortgage distribution over the past decade as brokers have taken the lead

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