UBS made a loss of £780m for the second quarter of this year.
Aberdeen co-head of multi-manager Aidan Kearney says the firm has added Invesco Perpetual income guru Neil Woodford to act as a “put option” in its fund range.Aberdeen has allocated 2-3 per cent of cash from its port-folios to Woodford as the team believes he is the perfect protection to defend assets if the market falls […]
The Financial Services Skills Council is likely to develop shared units forcing award- ing bodies to use identical content in core modules as part of the RDR’s QCF level four qualification.Director of skills development Sarah Thwaites says the Qualifications and Curriculum Development Agency, which owns the QCF framework, is developing a system of shared units. […]
Aviva has made it clear it is preparing for acquisition opportunities while Legal & General and Standard Life have effectively ruled themselves out of any consolidation activity.
Platforum has launched a service for IFAs to anonymously review platforms in order to help other advisers in their wrap selection process.
Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]
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BMO Global Asset Management fund manager Robert Burdett has more than halved the exposure to passive funds in most of the multi-manager funds amid fears of a bubble in the market. Burdett, who co-manages the £1.2bn F&C MM Navigator Distribution fund with Gary Potter, says the team has been cutting exposure to passive funds across […]
Opinion differs as to what has caused the advice gap. Some believe the move from commission to fees has made advice unaffordable for the mass market, with advisers having to focus on wealthier clients for commercial reasons, while others say the trend was happening anyway, regardless of the RDR. For Simplified Money director Lesley James, […]
Sales of protection policies are back at peak levels, with the sector growing by more than 20 per cent in the past year, despite adviser complaints over protection’s lack of popularity. According to the latest figures from Equifax Touchstone, sales of protection policies surpassed £149m between July and September this year — their highest level […]