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Investment update

Rothschild Asset Man-agement is in talks to buy the £20m fund of funds business from IFA network Misys. The deal will take RAM&#39s Fof assets from £99m to £119m, consolidating its position as the biggest retail multi-manager group in the UK. RAM says it is likely to merge the three funds into its three Five Arrows multi-manager funds.

Dresdner RCM&#39s Charter European investment trust, which fought off a hostile bid from Henderson this month, is to wind up on April 25. Investors can roll over into a new vehicle, the Charter pan-European trust, or cashing in all or part of their investment in cash. The offer period for the new trust will close on April 18.

A new broking platform for IFAs was launched last week, offering access to over 70 markets around the world from a single electronic platform. Easybroker International can be accessed via phone or internet.

Gartmore smaller companies manager Frank Manduca has quit after more than 11 years with the group. He ran the £180m UK smaller companies unit trust and the £55m small-cap investment trust. He will be replaced by Rob Giles, who joins from Singer & Friedlander, where he managed more than £400m of assets.

Britannic Asset Management has appointed seven fund managers. James Smith, Diane McEwan, Ross McFarlene, Euan McNeil, Bob Ritchie, Fiona Page and Mark Meiklejon all join from Blairlogie Capital Management.


Employers &#39are the real threat&#39 to falling provision

The Government has denied that pension provision in the UK is in crisis but says falling contributions from employers are the real threat to savings.Speaking at the Financial Services Forum about fears of a pension abyss as a raft of companies shut their final-salary schemes, Treasury economic secretary Ruth Kelly claimed many people are better […]

Stakes and pains

Now that I have set up a stakeholder pension for all the employees in my company, is there anything else I need to do? You are right to ask this question and it is an area that is causing concern with many of my clients.The hiatus of last year when the Government introduced the new […]

Gearing up for Tep deals

Tep market maker Policy Portfolio is publishing a guide explaining to IFAs the gearing process which enables investors to get more Teps for their money.Policy Portfolio says gearing is a relatively simple process but it believes it is a concept not many IFAs understand. It says UK and offshore banks will often lend up to […]


“Yes. The more of us there are in one body the stronger we will become.”Leslie Chare, Designalife“Yes. It is confusing for clients to see multiple qualifications – so, if not a merger, at least one qualification listing.”James Coldicott, Coldicott Financial Services“I am not bothered. These bodies do nothing for the IFAs, do nothing for the […]


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