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Jupiter director returns

One of the seven Jupiter directors who resigned in protest at the dismissal of chairman John Duffield is returning to the board.

Michael Heathcoat-Amory’s return to the investment management company comes ahead of Duffield’s High Court case on Monday (November 20).

Duffield is suing Jupiter for £15 million claiming unfair dismissal.

He is also setting up his own fund management company called New Star, with former Donaldson Lufkin & Jenrette in Europe chairman Martin Smith.


Advisers may be made to justify their commission

The FSA is to investigate how advice is paid for as part of a wide-ranging review into disclosure.The regulator&#39s consultation paper, expected in the next four weeks, aims to discuss increasing transparency and provide analysis into the merits of feebased and commission-based advice.Optimists say the move will help IFAs differentiate themselves from tied or multi-tied […]

&#39Fund websites are breaking ad rules&#39

Internet compliance product provider Ecompliance is calling on the FSA to clamp down on fund management websites after its research rev ealed some are flouting advertising regulations.The research into the top 80 fund management websites claims to show that 6 per cent of firms break with rules on financial promotion by having no disclaimers or […]

Last month the worst of the year for UK tech funds

Last month was the worst of the year for UK technology funds according to the latest Lipper Tech Fund Bulletin. On average funds were down 12.83 per cent for the month bigger than the April decline of 11.29 per cent. No funds produced positive returns for the month, both the NASDAQ 100 and the FTSE […]

Rathbone appoints new sales manager

Rathbone Investment Management, which has over £5bn funds under discretionary management, has appointed Julia Harrington as sales manager. Her role will be to lead Rathbone&#39s expansion in the self invested personal pension and small self administered scheme markets. Harrington has 12 years experience in the pensions arena and joins Rathbones from M&G where she specialised […]

Leading Edge June – Investment panel debate

RLAM’s asset class specialists discuss some of the findings from the panel session at our recent Investment Conference. By Rob Williams, Head of Distribution Welcome to the latest edition of Leading Edge. It has been an eventful six months since the last e-zine. The European Central Bank announced ongoing stimulus measures, while the immigration crisis in Europe threw the […]


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