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Investors force change to trusts

Big generalist international investment trusts have been forced to change due to the demanding nature of investors, says iimia chief investment officer Nick Greenwood.

At MM Live, Greenwood said many investment trusts have “died a death by 1,000 cuts”, with the split-capital debacle still deterring many investors from the sector.

He said: “The trust sector is changing dramatically as more institutions are searching for more specialist components and moving away from the traditional balanced approach.”

Greenwood said: “A number of them are making changes. Alliance Trust, for example, has now evolved into a company with a savings plan and a self-invested personal pension provider while Witan has moved itself into the multi-manager market.

“The problem with this is that there are a number of established competitors there. The market is performing well but it is a case of natural selection and evolving to ensure they are not left behind.”


‘Sipp clients better off in a PPP’

The Sipp market is becoming oversaturated and the majority of people taking out Sipps would be better suited to personal pension policies, according to outgoing Selestia marketing director Bill Vasilieff.He says PPs are better sui-ted to the majority of Sipp investors and those that have open architecture are not saddled with the additional charges that […]

FSA fines Charterhouse £122,500

The FSA has fined Charterhouse Consulting Wealth Management £122,500 for carrying out discretionary portfolio management without permission and for various conduct of business failings.

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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