The manager of the Artemis UK Smaller Companies Fund explains how his stock-picks have beaten a benchmark which is holding up better than most.
Specialist annuity providers are set to launch advised-only hybrid drawdown products, but experts warn they may struggle to reach their target markets. Since the 2014 Budget firms reliant on annuities have seen sales crash and profitability plummet. Figures published by the FCA in September showed out of around 200,000 people who accessed their pensions in […]
The Chartered Institute for Securities & Investment has committed to spending £35,000 per year on promoting financial planning following its merger with the Institute of Financial Planning. The £35,000 pledged by the CISI is in addition to the £35,000 the IFP currently spends on marketing its accredited firms brand, which it will continue to do […]
My last article, on the threat to uncapped trail fees, examined the very real risk of highly profitable clients challenging advisers on the amount they charge each year. This is particularly an issue when they are based solely on the value of assets under administration. However, there is a more immediate threat to fees. Much […]
Guy Sears has been appointed interim chief executive at the Investment Association following the departure of Daniel Godfrey. Sears, currently director of risk, compliance and legal at the Investment Association, will take over after Godfrey left “by mutual agreement” yesterday. A source close to the situation said Godfrey was departing as the board “collectively felt a new leader […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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Openwork is to launch a UK equity income fund and a strategic bond fund for its advisers network as it aims to diversify its new range, Money Marketing can reveal. Available from 5 December initially through the firm’s newly-launched model portfolios, the Omnis Strategic Bond fund will be run by Fidelity International veteran bond manager […]
The Children’s Investment Fund has asked the FCA and Bank of England to appoint a new chairman at the London Stock Exchange over fears corporate governance is not up to scratch. TCI, which holds a five per cent stake in the exchange, feels the forthcoming departure of LSE chief executive Xavier Rolet has not been […]
When the pension freedoms were first introduced, I could not help thinking it was a clever device to accelerate the income tax take. Instead of waiting many years to take income tax against modest annuity income payments, the government could grab a larger handful straightaway. After a couple of years of reflection, I still think […]