UK all companies was the top-selling retail fund sector in July. Market volatility hit inflows, with Isa sales dropping to £90m, 17 per cent down on than June and down by 28 per cent from July 2006.
The New Star international property fund has now exceeded 300m in assets under management in under three months. The company says the fund, which raised 206m at launch, is the first fund of its kind to offer UK retail investors access to international direct commercial property.
StanLib is setting up South African equity and regional African funds and claims that the investment outlook for the continent has never been stronger.The Standard Africa equity fund will invest in up to 16 equity markets across Africa with its initial holdings focused in Egypt, Morocco, Nigeria and Kenya.It will also have the freedom to […]
Royal Liver chief actuary David Ford is leaving to become senior life actuary at Zurich. Ford, who has been at Royal Liver for 12 years, will continue in his current role until the end of the year.
Royal Bank of Scotland Intermediary Partners has recruited Melanie Buckingham to head up sales for The One Account from September 3.Buckingham will spearhead the growth in sales of current account and flexible mortgages in the intermediary market. She will manage a team of field and phone-based business development managers who will cover the UK.Buckingham previously […]
By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]