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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With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]
The FCA has finished implementing the recommendations of the Financial Advice Market Review with the publication today of a policy statement relating to personal recommendations today. The FCA aligned itself with Mifid II last year by mandating that regulated advice must contain a personalised recommendation. In August last year, the FCA published a consultation paper […]
Things are moving fast over at the newly merged Standard Life Aberdeen. The very first results for the combined company hit the wires this morning and, finally, a clear strategic direction is emerging. Overall, there were net outflows. Not a great start, particularly given Scottish Widows’ parent Lloyds’ decision to pull its £109bn mandate earlier […]