Stefan Isaacs is taking over the running of the M&G European corporate bond fund from head of fixed interest Jim Leaviss. The two have worked together on the fund since September and the switch frees Leaviss to focus on his three other retail funds.
MetLife is reviewing the charging structure for its guaranteed retirement proposition following strong sales in its first three month of operation.The company says positive feedback from IFAs has enabled the company to offer more clients the chance to avoid set-up fees and monthly administration charges.Every customer investing a minimum of £100,000 will have the £400 […]
Standard & Poor’s Fund Services says it is worth investors paying the extra cost for funds of hedge funds relative to multi-strategy hedge funds because they provide diversification of manager as well as investment style and strategy.
Hargreaves Lansdown’s Sipp has broken the 1bn barrier, netting 717m in the last tax year. Head of pensions research Tom McPhail says the figures prove personal pensions have largely been replaced by Sipps as the retirement vehicle of choice.
Money Marketing hears that certain committees in the retail distribution review are considering a huge increase in the levels of capital adequacy that advisers may be required to have.
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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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 […]