View more on these topics

Invesco loses top-performing global equity income managers

Invesco Perpetual global equity income duo Paul Boyne and Doug McGraw have both left the firm.

The pair manage the £300m Invesco Global Equity Income fund. The fund, which launched in March 2009, is the top performing fund in the Investment Management Association Global Equity Income sector over three years, having returned 36.8 per cent compared to a sector average of 25.4 per cent.

Both Boyne and McGraw have left for roles at a North American firm.

Boyne joined Invesco in October 2008 as a senior fund manager within the global equities team. He has previously held roles at Grant Thornton, Morgan Stanley Investment Management and Bank of Ireland.

McGraw joined Invesco in December 2009 initially as a senior analyst, before becoming a fund manager within the global equities team.

Invesco Perpetual chief investment officer Nick Mustoe will take over the management of the fund in the interim, backed by the global equity team. Invesco is looking to hire a fund manager for the team in the New Year.

Mustoe says: “We are committed to our global equity income franchise in which we have invested significant resource over the last four years and we look forward to building on these foundations in 2013 and beyond.”



Advisers question FSA’s Arch cru estimates

Advisers are unconvinced by FSA estimates that Financial Services Compensation Scheme levies will fall following the regulator’s decision to introduce its Arch cru consumer redress scheme on an opt-in basis. The regulator published a policy statement on its Arch cru consumer redress scheme this week, which amended the proposed scheme first set out in April. […]

PruProtect hires Kevin Watkins as its new head of wealth protection

PruProtect has appointed Kevin Watkins to the newly created role of head of wealth protection. Watkins will spearhead Pru’s campaign to help wealth management advisers incorporate protection into their sales processes. He spent 30 years at Friends Provident, including a three-year stint as director of its UK individual protection businesses. PruProtect has a new team […]


MAS plans minimum standards for debt advisers

The Money Advice Service wants to develop a minimum benchmark that individuals will have to meet in order to give debt advice. The MAS has a £34.5m budget for 2012/13 to co-ordinate the delivery of debt advice in the UK. It has published a consultation today on its plans to ensure debt advice is delivered […]

Average house prices down for 30th month in a row

Average house prices in the UK fell for the 30th consecutive month in December but homeowners remain positive on the outlook for 2013. Knight Frank/Markit’s house price sentiment index reveals six out of the 11 regions are expecting price rises in 2013. The biggest price rises are expected in London, for the second year in […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

  1. wondering if it is because the fsa has made them seek better opportunities away from fees and into a land of the free from incessant regulations and red tape

    as somebody else said the last one in the room please turn the lights off, it is amazing that the fsa didnt bring up the idea of 5 days redundancy notice

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm