Keydata is to make major enhancements to its free IFA CD aimed at giving advisers the same fund trading technology as discretionary brokers.It says the November issue will allow IFAs to combine funds from any supermarket and fund manager, perform valuations and trade funds. Keydata CD was launched in 1997 but has not seen much development in recent years until the firm became a major shareholder in FundWorks. The first major enhancement of the technology is expected this month with new developments including fund data by Lipper, fund mana- ger interviews by Asset.tv, a bespoke illustration tool, a multiple factsheet tool and automated updates. Chelsea Financial Services managing director Darius McDermott says: “The difficulty is differentiating between new technology that is worthwhile and that which is not. This sounds interesting if it can deliver everything it says.”
SVM’s flagship hedge fund High- lander has seen 90 per cent of its assets walk after a period of sustained underperformance. The long/short European equity portfolio, managed by Colin McLean, has seen assets under management shrivel from euro 600m to euro 60m in the past two years. Swiss fund of hedge funds boutique Soprigest senior […]
Bradford & Bingley made a profit of 150m for the half-year, up 8 per cent from 139.4m in 2004.
Financial Objects has appointed Nicola Price as marketing director, with her role including overseeing the integration of the recently acquired Wealth Management Software.Price joins from TIBCO Software where she was responsible for field marketing and lead generation activities across Northern Europe.Price says: “I am delighted to join Financial Objects during this exciting period of change […]
This week, I will conclude my series of articles on recent and imminent developments in the pension world. In my last article, I looked at issues relating to the pro- jection of benefits from final-salary schemes and state pensions. Here, I will move on to the projection of money-purchase benefits, paying particular attention to the impact of statutory money-purchase illustrations.
James Dowey, Investment Director, Chief Economist China and Japan have both performed strongly so far this year, while the UK and Europe are going through periods of political uncertainty. In contrast, the US has experienced a temporary soft patch, but the lower oil price is proving to be a boon for consumers. How do these […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]