View more on these topics

Mott is back for the long term

New fund firm Psigma Asset Management has reassured advisers that Bill Mott will be managing the planned UK equity income fund for the long haul.

IFAs have welcomed the return of Mott, a star of the equity income sector who called the TMT bubble correctly with handsome results for investors.

But advisers have expressed concern about how long Mott will stay as this is his second return from retirement.

But Ian Chimes, who will play a lead role in the new firm, says Mott will be free from sales and marketing distractions, which were the reasons for him retiring from full-time fund management in 2003 while at Credit Suisse.

Chimes also says the group has long-term plans to launch eight to 10 funds as they are keen to avoid the stereotype of a one-story boutique.

He says: “Culturally, this is the perfect position for Bill Mott. Not only does he have a stake in the business and the opportunity to focus on managing money but also most of the team here are a flashback to his days at Credit Suisse.”

The new firm, which is halfowned by the Punter Southall Group and half by the ex-Credit Suisse trio of Chimes, Mott and Graham Fuller, is set to launch the equity income vehicle in May, with an institutional business built on Fuller’s expertise in pensions.


No quarter

The cumulative effect of recent rate rises may be too much for some borrowers.

Divorcees have £230k to split

The average divorcing couple has assets worth over £230,000, according to research from Money It says140,000 couples could get divorced during 2007 with £32.2 bn of assets to divide.

‘Providers struggling to meet Sipp requirements’

The lack of applications for Sipp authorisation could indicate that firms are struggling to meet the new requirements, says Origen head of self-administered pensions Claire Court.The FSA is understood to be concerned about the lack of applications, just three months before regulation is set to come into force in April.Origen has applied for authorisation but […]

Product matters

Unfortunately for buy-to-let investors, rental income does not move in line with the Bank of England base rate. With interest rates rising again, landlords will see the difference between their rental income and mortgage payments reducing and some may already be supplementing the rental to cover the interest. It also makes it harder to meet […]

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm