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LV= creates mid-risk range for Lighthouse

LV= Asset Management has brought out four Oeic sub-funds which will be distributed through Lighthouse Group.

The funds will be run by the LV= multi-manager and fund selection team led by Tom Caddick who joined last year from F&C. They will use the dynamic planner risk-profiling tool and will target investors with mid-range risk profiles. The funds will have a total expense ratio of 1.8 per cent at launch.

Caddick says: “This is a very positive step forward for our broader retail asset management plans.”

Lighthouse Group joint chief executive Allan Rosengren says: “These four funds will prove to be excellent additions to our advisers’ product offering. We place a great deal of value on our independence and ability to offer clients choice, so we look forward to working with LV= in its continued development of this area of its business.”


KRS appoints Pritchard

Key Retirement Solutions has appointed Terry Pritchard as managing director of key partnerships.

The rules of the game

Rules are made to be broken. Not so, says Liontrust chief executive Nigel Legge who this week hit out at the Investment Management Association calling on it to be stricter over qualifying criteria for its UK equity income sector.

Watch out for recovery racket

The FSA says at least 10 recovery firms are aiming a scam at investors who bought shares through Pacific Continental Securities Ltd, which went into administration in June 2007.


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