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Midas says more firms will seek links with platforms

Midas Capital believes there will be greater integration between fund of fund managers, insurance companies, wraps and fund supermarkets.

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.”

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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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