Miton Investments is protecting the CF Miton global portfolio from volatility in its commodity exposure by buying a Barclays structured product linked to the prices of oil, copper and aluminium.The product, which was originally designed for institutional investors, invests in a zero-coupon bond and options on the commodities market. It will return 180 per cent of the growth in the commodity basket plus the original capital at the end of an 18-month term. The Miton fund’s weightings in both the Investec global energy and JPMF global resources funds have been halved to 4 per cent from 8 per cent, while the Barclays product carries a 5 per cent weighting. Miton is a firm believer in a bull market for commodities over the long-term and the Barclays product will be used for a short-term play on the market. Fund manager Sam Liddle says: “The Barclays contract is a bit of a departure for us but, generally speaking, structured products have become more acceptable. They have appeal in volatile areas like commodities and in cash when the returns are currently unexciting.”
Suffolk Life creates a new position of head of corporate sales, appointing Rollo Wilson, formerly of Abbey Investments.
A secret investigation has seen the Department of Trade and Industry seeking to shut six property investment companies which claimed to show investors how to get rich quick through buy-to-let portfolios. The firms are Sterling Mansion (UK), Mansion Investments, SMI (Overseas), Turningpoint Seminars, Portfolios of Distinction and CM2. Sterling Mansion (UK) and Mansion Investments claimed […]
The Association of Mortgage Intermediaries is launching a guide to help intermediaries with lead generation.
An article in Money Marketing last week stated that Standard Life is encouraging its salespeople to sell the bene- fits of FundsNetwork – the provider’s supermarket partner – in a bid to build sales of self-invested personal pensions. We at Selestia have had two Sipp arrangements similar to this in operation for over two years […]
By Sarah Scott, marketing consultant You might think the question in the title is a strange one. Perhaps even more so when you learn that it’s one of several asked as part of an assessment for Employment Support Allowance eligibility in the opening scenes of the 2016 film, ‘I, Daniel Blake’. Daniel is a carpenter […]
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The majority of providers are failing to ask customers how likely they are to access their pensions, according to FCA data. The FCA yesterday published data on its website about pension decumulation coming out of its 2017 Financial Lives Survey. The data, which looks at all adults planning to access their defined contribution pensions in […]
Clients cannot always rely on pension providers to follow their wishes when it comes to beneficiaries on death Headlines earlier this year drew attention to a startling statistic that 750,000 people coming up to retirement are at risk of their pension being passed on to an ex-partner when they die because they have not updated […]