New Star Asset Management is offering a 1 per cent discount on all Isa and Pep transfers into its range of Oeics until April 5. The discount will reduce the initial charge on New Star funds to 4.25 per cent from 5.25 per cent. Minimum transfer into each fund is £1,000.HBOS is aiming to become a market leader in the socially responsible investment arena by recruiting three specialist fund managers. Dr Craig Mackenzie, Rachel Crossley and Steve Waygood all join from Friends Ivory & Sime, where they worked on the SRI desk.Threadneedle Inv-estments is teaming up with AIG Life, Canada Life International and Norwich Union to host a series of IFA workshops across the country next month. They start in Belfast on February 4 and end in Winchester on February 13. The workshops will focus ~on helping IFAs provide comprehensive and practical financial solutions for their clients.Gerrard Investment Funds is temporarily rebranding its funds under the OM Gerrard name following the firm's merger with Old Mutual Asset Managers. The funds will eventually be rebranded under the Old Mutual name after the rationalisation of the fund range in the second quarter of the year.
Wednesday, January 9, 2002.Type: Ucits.Aim: Growth by investing in equities and equity-related securities inEurope.Minimum investment: Euro 5,000 or $5,000.Place of registration: Dublin.Investment split: 100 per cent in equities and equity-related securitiesin Europe.Isa link: No.Charges: A shares initial up to 5 per cent, annual 2 per cent.Commission: Initial 3 per cent, renewal 0.5 per cent.Tel: 0500 […]
Back in 1999, I found myself speaking at the Canadian Financial Planners conference on the topic of regulation. In the room set aside for speakers, I was checking my slides when another speaker entered the room. She introduced herself, then immediately asked if I minded if she was noisy. My reply was lost on her, […]
Every time I have severe admin problems with L&G, I vow never to use it again. But this is the final straw.In the middle of September, L&G received a life insurance proposal and the application was marked: “Trust form to follow.” The application was then apparently placed in suspense for receipt of the trust form […]
The shaky world economy, allied with inc-reased geo-political tension, continues to weigh heav- ily on equity markets.In recent years, much of the world's loose capital flowed to the US, all of which was gratefully received and much of which was promptly wasted.The flow of global capital is undeniably important to stockmarkets. It is also of […]
What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.
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Aviva has triggered a five day platform blackout as it moves to new technology. The platform will be unavailable from 6pm on Wednesday 17 January through to Monday 22 January while the provider manages its transition onto an updated system run by technology provider FNZ. The downtime will affect Aviva’s investment platform only, but other adviser […]
JLM Mortgage Services has launched the first stage of its new ‘robo advice’ service. The mortgage and protection network claims it is the first network to launch such a tool to its members. The Virtual Adviser will allow member brokers to offer an online service to residential and buy-to-let customers. This service will offer an […]
Providers should listen closer to advisers and consumers when deciding what initiatives will work