JP Morgan Asset Management plans to set up an investment trust investing solely in Brazil. The fund will be managed by Sebastian Luparia and has a target size of £50m.
Barings Asset Management has appointed Roberto Lampl as head of Latin American equity.
F&C’s multi-manager team has trimmed its passive exposure to the US through S&P 500 exchange-traded funds in favour of the actively managed Robeco US premium equities offering. A 3 per cent weighting in the Robeco fund has been added to the overseas equity allocation across the F&C lifestyle and F&C multi-manager portfolios. The Robeco fund […]
The Office of National Statistics has revised its gross domestic product figures for the fourth quarter 2009, showing growth was 0.3 per cent rather than the 0.1 per cent earlier reported. The data revision means the UK came out of recession more strongly than initially thought. Black Swan Capital wealth chief economist James Hughes says: […]
The Institute of Fiscal Studies and PricewaterhouseCoopers have both slammed Chancellor Alistair Darling’s decision to restrict tax relief onpensions for high-earners in their response to the Treasury’s consultation. IFS deputy director Carl Emmerson says the move will create complexity, unfairness and inefficiencies. He says: “The Government’s goal is to raise money by reducing the subsidy […]
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]