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 Head of pensions research Tom McPhail says the figures prove personal pensions have largely been replaced by Sipps as the retirement vehicle of choice.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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]