View more on these topics

Legg Mason merges Martin Currie funds into UK range


Legg Mason has merged eight Martin Currie equity funds into its UK fund range following shareholder approval.

The asset manager, which acquired Martin Currie in October last year, now has 18 funds in its ICVC fund range and an additional £500m in assets.

The Martin Currie funds will retain their branding but will be prefixed with the abbreviation IF (Investment Funds) in keeping with the naming convention for Legg Mason’s UK onshore range.

Sitting alongside products from Legg Mason subsidiaries including Brandywine, ClearBridge, Royce, QS Investors and Western Asset, the integrated funds cover asset classes such as Emerging Markets, European and Global equity income, and Chinese, Asia Pacific, global, US and Japanese equities.

Legg Mason head of UK sales Adam Gent says: “We have now integrated Martin Currie’s range of funds into our existing UK-domiciled range following approval from shareholders.

“The integration of the Martin Currie funds significantly enhances our ICVC range and means we can now offer our investors access to a wide array of compelling strategies. At the same time we’ve introduced our new naming convention across our product range to create consistency and ensure our clients can immediately identify the underlying investment manager of each fund.”



Smoke and mirrors: Osborne moves to deflect pensions blame

George Osborne’s crackdown on exit fees has been dismissed as a media gimmick by providers who warn the FCA is dangerously behind on regulating the new pension freedoms. Leading figures at some of the country’s largest life companies say the Government could run into problems if it attempts to force firms to scrap exit charges. […]


How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]


John Lawson: Fixed-term annuities have passed their sell-by date

With another company pulling out of the market due to low demand, are advisers calling time on the fixed-term annuity? Back in the old world before freedom and choice, fixed-term annuities had a place, albeit a niche one. Minimum investments of around £50,000 were required to establish a drawdown plan. Customers with modest savings looking […]

ABI’s Yvonne Braun on advice requirements and ‘excessive’ exit fees

Following mounting pressure on pension providers over “blocking” access to pension freedoms, the Association of British Insurers has hit back. The trade body proposes scrapping the advice requirement for transfers out of schemes with embedded guarantee annuity rates, despite concerns this puts savers at risk of losing valuable benefits. ABI director of long-term savings policy […]


Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm