View more on these topics

Lowes FM launches structured products development centre

UK-Currency-Money-Notes-20-GBP-700x450.jpg

Lowes Financial Management has unveiled plans to develop structured products in collaboration with providers.

The firm has launched the Lowes Structured Investment Centre in a bid to facilitate “sector cooperation” in the market.

The first provider to work with Lowes will be financial services firm Mariana Capital Markets. Societe Generale will act as counter party on the first product development.

The arrangement will see Mariana and Lowes split fees charged on the new product, which it says are not expected to exceed 3.5 per cent over a 10-year term. Fees will be capped at £15,000.

Where the product has been recommended by a Lowes FM adviser, the company’s share of the product fee will be donated to the Charities Aid Foundation, an independent charity that provides products and services to other UK charities.

Lowes says the division of fee income between itself and the companies it works with through the centre will vary.

Lowes head of strategic development Chris Taylor, who will head the centre, says: “We’ll be developing a range of structured investments with providers wanting to extend their products range. We’ll collaborate with the sector to develop investments for professional advisers.”

Advisers accessing the available investments through the centre will also be able to use StructureProductReview.com, a service that provides research, information and educational tools on structured products.

Recommended

Fawcett-Jeremy-Platforum-2013-700.jpg

Platforum: Can D2C select lists replace professional fund pickers?

The robo-adviser debate rumbles on with Brewin Dolphin the latest to soft-launch such a service at a much lower price to its traditional discretionary service. However, is there is a low cost alternative involving active funds through the use of D2C select lists? For DIY propositions to appeal beyond the most confident investment pickers, they […]

Mortgage-House-Coins-Wallet-House-700x450.jpg

Mortgage rates fall to lowest level on record

Mortgage rates are continuing to fall and are now at their lowest ever level, figures from the Bank of England and FCA show. According to the latest mortgage lenders and administration statistics, the overall average interest rate on gross advances decreased 16 basis points to 2.83 per cent between the first and second quarters. This […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment