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Japanese mandate moves

Skandia Investment Management has appointed AllianceBernstein to run its Japan mandate within its actively managed and cautious ranges.

AllianceBernstein replaces Sparx which have been taken off the mandate following the departure of Kahori Ando who ran the fund for SIML.

SIML fund manager Ryan Hughes says: “The trigger behind this move was Ando’s decision to leave the group as she was a talented and experienced investor.”

Alliance Bernstein fund manager Katsuaki Ogata will run the mandate using a high-conviction, value-orientated approach.


Check into hotel room with Aegon Sipp deal

Aegon has added buy-to-let company GuestInvest to its Sipp as part of the expansion of its Sipp property portfolio.The deal will enable investors to buy a room in a hotel at a commercial rate on a 999year lease and get a return by letting it out, plus any capital appreciation on resale.GuestInvest manages the hotel […]

Chadborn slams scare tactics of PPI chasers

CBK principle Peter Chadborn says payment protection insurance claim-chasers should face the same prohibition against scaremongering as advisers selling critical-illness cover.He says chasers are acting irresponsibly and scaremongering consumers into complaining against PPI firms through aggressive ads.Chadborn says it is unfair that claim firms can get away with scare tactics while critical-illness cover providers are […]


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