View more on these topics

Investors not in step with FTSE changes

Investors in FTSE tracker funds are living under a false sense of

security, according to new research from Friends Ivory & Sime.

Many investors are buying FTSE tracker funds to lower the risk in their

pension plans, Peps or Isas in the belief that trackers are stable


But, FI&S is warning that, despite the recent reshuffle in the index,

where several technology firms dropped out of the FTSE 100, there are still

a num-ber of vulnerable high-tech nology companies that have remained in

the index.

Almost half of those surveyed believed firms such as NatWest and Power-gen

were in the FTSE 100 while only 16 per cent believed that internet service

provider Freeserve was in the index.

Friends Ivory & Sime marketing director John Yule says: “This research

highlights the fact that UK investors are generally una-ware of the

changing characteristics of the FTSE 100 and some of the weaknesses

inherent in passively managed tracker funds.

“In the recent past, many traditional companies have been ousted by more

vola-tile media and tech stocks, which could come as an unpleasant surprise

to those investors who seek an investment in the UK&#39s traditional blue-chip

industries and companies.”


IFAs outraged as pension review chief gets OBE

IFAs are in uproar over the award of an OBE to FSA dir-ector of thepension review Ronald Devlin.FSA chairman Howard Davies has also been knighted in the honours list, amove seen as a reward for establishingthe regulator.But advisers believe Devlin has not served the public&#39s best interest.Devlin joined the FSA in 1997, having previously held […]

Chelsea account deal aids Shelter

Chelsea Building Societyis supporting the homeless by donating £1 tocharity each time someone opens a new instant access investment account.For every Call-Direct Account opened until September 16, the society willdonate£1 to Shelter.The account pays a variable rate of 6.8 per cent, with a guarantee thatthe rate will not fall below the Bank of England base […]

Speaking volumes

The introduction of stakeholder, with its regulated maximum charge, hasforced the industry to reappraise its approach to group pensions.Fundamental business decisions need to be made by providers and advisers ifthey want to continue to compete profitably in this market.The downward pressure on margins has already hada significant impact oncommission, with most providers paying considerably less […]

Jupiter served notice by three trust boards

Jupiter is facing further difficulties this week as the boards of three ofits investment trusts served notice on the company.The Split trust, dividend & growth trust and investment trust ofinvestment trusts have all secured the right to change fund manager in twoyears.The boards have cited Jupiter&#39s recent change of management and companystructure as the main […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm