Kames looks to sidestep Brexit uncertainties and equity ‘extremes’
Kames’ Vincent McEntegart may have cut UK assets from his fund because of Brexit uncertainties, but the outlook is not enough to make him bearish on UK stocks. McEntegart, who has been managing the Kames Diversified Monthly Income fund since launch in 2014, has trimmed UK exposure while preferring the outlook on credit and real […]
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Govt ducks the question on state pension triple lock
Prime Minister Theresa May and Chancellor Philip Hammond have both refused to commit to maintaining the state pension triple lock as the election campaign gets underway. The Daily Mail reports at a campaigning event in her Maidenhead constituency, May avoided giving a firm answer on whether the triple lock, which sees pensions rise by wages, […]
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FCA warns Trump over ‘too big to fail’ rules
FCA warns of the damage to co-operation among global regulators if the Trump administration unwinds the regime for failing banks In an interview with the Financial Times in Washington, FCA chief executive Andrew Bailey says there is a risk to the confidence international regulators would have in the US if it scrapped its system for […]
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John Lawson: Why we need multiple pension dashboards
The UK’s pension dashboard is progressing nicely. Seventeen providers and technology firms are on board, the Treasury and the Association of British Insurers are supporting, and a prototype has already been delivered. That said, a complete working dashboard is still some way off. It is unlikely any of us will be able to log in […]
Navigating volatility
The making of any fund can be seen in how it responds to crises and opportunities. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham outlines how the Royal London Global Multi Asset Portfolios or GMAPs navigated through Brexit and the US election cycle. He also highlights the importance […]
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Making sense of ESG popularity
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
Pimfa publishes updated Mifid guide
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
L&G apologies to client over pensions tax free cash error
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]