View more on these topics

Neptune trio depart amid UK retail sales restructure

Neptune head of strategic partnerships John Lester and two of his team are leaving the firm to set up their own investment boutique.

Lester leaves the firm after six years with head of UK strategic partners Dennis Pellerito and junior sales support member Andrew Nickson also leaving the firm.

The move comes as Neptune announces plans to review the structure of its UK retail sales team.

Neptune Investment Management deputy managing director Richard Green says: “Since entrepreneurial spirit remains integral to our culture at Neptune, I accept that there will be occasions when those involved in Neptune’s earlier successes, should aspire to try and achieve it again elsewhere, at a more senior level. We wish them well.”


Avelo poaches Intelliflo head of business development

Avelo intermediary sales director Andy Watts has left the firm and is replaced by Intelliflo director of business development Sophie Hall. Watts stepped down from the role last week with Avelo saying he has left to pursue alternative opportunities. Sophie Hall becomes head of intermediary which will incorporate Watts’ duties. Avelo commercial director Simon Bradley […]

On the Reit track

Property experts say the Government’s upcoming consultation on changes to the tax treatment of real estate investment trusts could result in expansion of the Reit market. The Treasury’s Budget statement, published last week, says the Government will consult this year on changes to the tax treatment of income received by a Reit when it invests […]


Fidelity FundsNetwork reveals unbundled pricing model

Fidelity FundsNetwork has revealed details of its unbundled pricing model which will see a flat rate charge of 0.25 per cent alongside a £45 annual account fee. The unbundled pricing model has launched today and will run alongside its bundled charging structure. The 0.25 per cent annual charge will be taken monthly from the largest […]

New name, same old problems

The IMA mixed investment 20-60 per cent shares sector, formerly cautious managed, has bounced back after a torrid time over the past few years. Yet the spread of returns suggests there still remains a lack of homogeneity within the sector. Over the past three years, the average return of the 239 funds in the sector […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment