Montpelier is starting an in-house fund management arm and its own branded range of Sipps next month.Montpelier Capital Management will provide discretionary management services to clients, with third-party administration and back-office systems provided by US financial services giant Raymond James. Montpelier managing director Peter Bridges will act as investment manager and tailor multi-asset portfolios effectively funds of funds – to individual clients’ risk profiles. The Montpelier suite of self-invested personal pensions – the First Steps, Investor and Complete Solution Sipps – will be provided by Butterfield Bank with Montpelier acting as trustee. Investors can choose which Sipp they want based on their financial awareness, with the Complete Solution Sipp offering access to the widest range of investments. Managing director, financial services, Andy Smith will head the Sipp business. Montpelier has Midlands, Manchester and London offices, with 25 advisers in the UK and 60 globally. Chief executive David Yelloly says: “Our strategy means we will not be launching with a prescribed suite of funds but will tailor our offering on a bespoke basis.”
It is increasingly rare for there to be real innovation in our markets today, with replication the leading force. That is just one of the reasons to welcome Advantage’s new shared equity product – that is not what the firm calls it but that is what it does so that is what we will call it.
Property funds make up three of the six best-selling funds in the FundsNetwork Sipp. Invesco Perpetual high income was the top seller, with Norwich property trust third, New Star property fourth and Standard Life property sixth.
Hamptons International Mortgages has called for APRs on mortgage products to be scrapped. It argues that the trend of remortgaging has made the APR redundant because the movement of standard variable rates over two decades is impossible to predict, meaning that the calculation of an APR is flawed. It also believes that as remortgaging increases, […]
Congratulations to Standard Life PR queen Patricia Corrigan, who gave birth to a lovely baby boy on Friday, August 4. Eoin (pronounced Owen, for our non-Celt readers) Stephen weighed in at a healthy 8lbs 2ozs. Apparently, he is very cute, “with very long fingers and toes”, according to one admirer. There was uncertainty among the […]
By Chris Taylor, head of Japanese Equities, Neptune Abe, having reinforced his political position domestically, will most likely hold off any further major policy enactments until after president Trump has settled into the White House and enacted some of his own. Then a relaunch of the Three Arrows programme is likely, or Abenomics 2.0, including […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]