Invesco Perpetual has added a retail share for the institutional UK strategic income fund managed by Mark Barnett. Minimum investment is £500 or £20 a month, compared with an institutional minimum of £250,000, and the fund can be held in an Isa.
Families with older relatives should act fast to establish an enduring power of attorney before changes to the rules complicate the process, warns pi financial dixon sutcliffe & Co.The IFA says as the changes, effective in mid-October, will see enduring power of attorneys replaced by two types of lasting power of attorneys – one to […]
Standard Life has added eight new external funds to its life and pensions range from a providers including Macquarie, Investec, JP Morgan, Schroders and UBS.Standard says the new funds highlighted are Macquarie’s global infrastructure securities, global private equity securities and its global property securities funds – offered on an insured basis exclusively through Standard Life […]
Scottish Life is backing calls for pension schemes to take more responsibility for defined-contribution investment strategy in a bid to meet the needs of scheme members.The Pension Institute published a report in April which found that 69 per cent of pension professionals thought that typical investment arrangements in UK DC pension schemes fall short of […]
Clare Moffat, Technical Manager, looks at the benefits of pensions from an IHT perspective. 100% access and 100% discount – what type of wrapper could this be? A pension! Post flexibility there is 100% access (for those over 55) and normally pensions are inheritance tax (IHT) free. With flexibility the options available on death mean […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]