View more on these topics

Investec raises AMCs on five funds

Investec Asset Management has increased annual management charges on five of its funds, including its £1.6bn cautious managed fund run by Alastair Mundy.

Annual charges on the cautious fund and on Mundy’s £73m managed distribution fund have risen from 1.25 per cent to 1.5 per cent.

Fees on John Stopford’s £268m strategic bond and £150m global bond funds have risen from 0.75 per cent to 1 per cent and from 0.95 per cent to 1.25 per cent for the £197m monthly high-income fund run by Kieran Roane and Theodore Stamos. But the firm has cut the charges on Stopford’s £374m target return fund from 1.5 per cent to 1.25 per cent.

Managing director David Aird says: “Our AMCs are broadly in line with the industry average.”

Recommended

New group formed to tackle credit access

Business bodies, accountants, credit rating agencies and the banking industry have joined forces in an attempt to break the long standing problem of access to credit, according to reports. The Financial Times says the initiative, Doing Business Together, acknowledges that businesses are partly responsible for the breakdown in lending. Forum of Private Business chief executive […]

CONTEXT.jpg

Out of context

“I hesitate to say it, but I’m not sure people see this industry as very sexy.” Aifa director Robert Sinclair explains some harsh truths to the Treasury select committee. “I’m on a mission to make thrift sexy.” Scottish Widows executive director Robert Fletcher attempts to prove Sinclair wrong at the launch of the 6th annual […]

4

Precise Mortgages moves into residential lending

Precise Mortgages is to start lending to homeowners from November after gaining FSA approval. The firm, with lends exclusively through intermediaries, says it will focus lending on borrowers with a credit impaired history, first-time buyers and the self-employed. Precise Mortgages was launched in May with a buy-to-let range and is backed by US based equity […]

1

State retirement age could rise rapidly to 70

A faster increase in state retirement age may be needed to fund a universal basic state pension. The Department for Work and Pensions is expected to publish a green paper in November outlining proposals for a £140 a week universal pension for future retirees. However, the Government has yet to spell out how the reform […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment