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Keydata aims to clear up structured product fears

Keydata is setting up a lobbying committee to educate IFAs about the benefits of structured products.

The firm is working with four banking institutions and four providers in a bid to dispel doubts over the credibility of structured products.

Structured products have enjoyed a surge in popularity in recent months as investors look to shield themselves from market volatility. But Keydata says the precipice bond debacle is still fresh in the minds of many advisers.

Keydata spokesman Roddi Vaughan-Thomas, who chairs the committee, says: “There are some misconceptions about cost, flexibility how to asset-allocate with structured products and the data and experience of a number of banks and product providers working together makes clearing those up easier.”

Baronworth Investments director Colin Jackson says: “Some IFAs have it in their minds that structured products are precipice bonds. This is not the case. Their presentation has changed totally and the literature that accompanies them is far more transparent.”


OPM takes defensive position in property

OPM Fund Management has added a long and short European property fund to its multi-manager property portfolio to generate returns from this part of the market in difficult conditions.

Intrinsic axes Mint staff

Intrinsic has made almost half of Mint’s back-office staff redundant, Money Marketing understands.Twelve out of 25 people lost their jobs, including almost all the compliance team, half the IT team and admin staff. A source says: “Intrinsic called a meeting on May 30 and the Mint staff were given their marching orders a few days […]

BBA sees approvals fall to record low

The British Bankers’ Association says the 27,968 house purchase approvals in May were the lowest ever recorded by the association. The figure was 6,784 down on April.


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