Jubilee Financial Products has cancelled the early redemption plan issue 4 due to compliance issues with new FSA guidelines. It will refund client money immediately and will launch a replacement as soon as possible.
Cofunds has appointed Stephen Wynne-Jones as head of marketing operations.
The online academy is worth the cost of Aifa membership
Fidelity International says platforms using guided architecture or packaged fund lists should have to disclose all commercial considerations involved in the providers being included. UK retail sales head Peter Hicks warns that if this data is not available then advisers are “left in the dark”. He says: “It is all very well saying this is […]
Warnings that the ‘securitisation’ of life settlements could turn into the next ‘sub-prime’ disaster were universally rejected at a recent major industry conference in Washington, according to manager Policy Selection Limited.
Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]
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AJ Bell has launched an active version of its managed portfolio service. The six-strong fund range, which will only be available through the platform, will mirror the existing passive funds but invest actively through a set of 15 underlying funds for each portfolio. The range will charge 0.15 per cent plus VAT, in line with the […]
HSBC Global Asset Management has grown its funds under management by 13.4 per cent year on year as the largest European bank doubles its pre-tax profit for the period. In its full year results published today, the lender reported total group funds under management of $943bn (£675.6bn) at 31 Dec 2017, up from $831bn in […]
Former pensions ministers Ros Altmann and Steve Webb have urged the Government to make sure pension savers are adequately protected under new plans to reclaim “dormant assets” for charities. Earlier this month the Government announced plans to widen a scheme to release assets in bank and building society accounts untouched for 15 years and put […]