The firm has been expanding distribution links for its balanced income and balanced growth funds over the past year. The latest link with Skandia MultiFunds means IFAs can now access the Midas funds across Skandia’s life, pension and investment products.Earlier this month, Credit Suisse made its CS multi-manager cautious managed and constellation funds available through Standard Life’s Sigma bond and pension products. Midas head of business development David Thomas says: “I think there is a slow coming together of supermarket offerings and some of the insurance companies. Some of the senior appointments being made by fund supermarkets indicate a mobility between the insurance company world and platform world. “From a fund provider’s view, it will be important for some groups to build relationships with third parties but it is also important that fund managers maintain direct contact with investors.”
The IFP runs one non-financial planning-related event in its calendar. The annual golf day, sponsored by Old Mutual, took place recently and attrac-ted 60 people.
Miton Optimal and Insinger de Beaufort are becoming increasingly cautious on emerging markets and commodities amid expectations of a short-term correction.
Between 1.46bn and 2.07bn of pension credits are going unclaimed by more than one million pensioners, according to figures released by the Department for Work and Pensions. It says that between 1.14 million and 1.63 million pensioners are not claiming the credit, with 2.57million people claiming it at a total cost of 5.46bn. The DWP […]
Societe Generale is embarking on a series of UK road shows for advisers and investors which will aim to teach delegates about covered warrant trading.The global market for corporate warrants exceeded 200bn last year but warrant trading is still a relatively undeveloped market in the UK, according to SocGen.Last October, the London Stock Exchange saw […]
As the Pensions Regulator starts to bare its teeth and the changes mentioned in the Budget and Queen’s Speech start to come into force, it is essential that you understand your scheme and the processes you need to undertake to ensure it remains compliant. Our second re-enrolment guide looks at how to audit the key areas of your auto-enrolment scheme.
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The Financial Ombudsman Service has appointed Money and Mental Health Policy Institute vice chair Richard Lloyd to lead an independent review into its complaints handling process. The former Which? executive director has been charged with producing a report into FOS’ practices after a Channel 4 documentary earlier this year suggested a number of failures at […]
Aberdeen Standard Investments has voted against multi-million pound payouts for senior executives at housebuilder Persimmon. Persimmon held its annual general meeting today. There was a huge outcry at the end last year when it emerged the chief executive, chief financial officer and managing director of Persimmon were in line for huge pay packets as a […]
Consideration of non-pensions related tax-advantaged investment is becoming more necessary This week I want to take a look at where things stand in relation to pensions and planning using tax-advantaged investments following the Spring Statement. With the increasing impact of the lifetime and annual allowances, consideration of non-pensions-related tax-advantaged investments is becoming ever more necessary […]