View more on these topics

Merrill Lynch welcomes MFR reform

Merrill Lynch Investment Managers has welcomed reform of the MFR announced in the pre-budget speech last week.

However, Merrill is calling for more consultation with the Government on the proposed alternatives which it believes are unlikely to change the conservatism of trustees and companies.

Merrill says the pre-budget report confirmed the role of trustees in determining investment policies, but claim the new accounting standard FRED20, which will carry the variability of pension costs onto company accounts, is likely to result in companies imposing restraints on investment policy in order to cut down volatility.

Merrill managing director Charles Farquharson says: “The MFR announced on Wednesday may not succeed in encouraging trustees and companies to be more entrepreneurial in their investment strategy.

“We will continue to discuss the suggested alternatives with the industry and the Myners team at the Treasury on this and other issues raised in the Myners review.”


Pinnacle scale heights with new bond

Pinnacle Insurance’s protected bonus bond plus is a single-premium insurance bond linked to the Nasdaq-100 index.The bond is aimed at investors who have a cautious attitude to risk, who want to invest in potentially rewarding area of the Nasdaq over a period of five years and are reassured by the capital guarantee that the bond […]

BoE maintains interest rates for ninth month running

The Bank of England&#39s Monetary Policy Committee has voted to maintain the Bank&#39s current base rate at 6.0 per cent for the ninth consecutive month. The most recent change in interest rates was an increase of 0.25 per cent to 6.0 per cent on 10 February 2000. The Inflation Report will be published on Thursday […]

Advisers may be made to justify their commission

The FSA is to investigate how advice is paid for as part of a wide-ranging review into disclosure.The regulator&#39s consultation paper, expected in the next four weeks, aims to discuss increasing transparency and provide analysis into the merits of feebased and commission-based advice.Optimists say the move will help IFAs differentiate themselves from tied or multi-tied […]

Schroder – US Dynamic Growth Fund

Friday, 10th November 2000.Type: Unit trust.Aim: Growth by investing in a portfolio of US companies with good growth potential.Minimum investment: £1,000.Investment split: 100 per cent US equities.Isa link: Yes.Pep transfers: No.Charges: Initial 5.25 per cent, annual 1.5 per cent.Special offer: Initial charge reduced from 5.25 per cent to 3.25 per cent.Offer period: Until January 31, […]


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