New Star has opened its international property fund to retail investors. The fund will offer a 1 per cent discount on the initial charge for all lump-sum investments during the offer period of May 14-June 4, with a fixed price of 50p per unit during the retail offer period, priced daily after the offer period ends.
Hargreaves Lansdown is urging the Government to make the open market option the default option for annuity sales to stop customers ending up in second rate products.In its response to the Government’s Omo review, introduced alongside the national pension savings scheme reforms, Hargreaves Lansdown calls for zero tolerance on transfer delays with a system of […]
The Financial Services Practitioner Panel has urged the FSA to consider the impact on retail firms of the number of reviews, projects and thematic initiatives it conducts.Speaking on the release of the FSPP’s annual report , chairman Roy Leighton says the FSA needed take into account the industry impact of so many initiatives especially as […]
Zurich Financial Services
Guaranteed Capital Account 12
Sanjeev Shah will be appointed as the replacement to Anthony Bolton to run Fidelity’s £3.2bn UK special situations fund, sources close to Money Marketing understand.
Join Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM), for a webinar on 30 March at 2pm. During the update, Trevor will consider how various asset types have fared in 2017 and offer his outlook, using the Investment Clock model to illustrate his views. Find out more here
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Pimco has followed in the footsteps of its US rivals Vanguard and JP Morgan Asset Management to announce it will absorb research costs under Mifid II. The California-headquartered bond manager would not comment on the hit to revenues, Financial News reports. JPMAM confirmed last week it would absorb the costs when the European regulation comes into place at the […]
What does “restricted” advice really mean nowadays? Some see this as a question of semantics, others one of outcomes. Either way, the debate was reignited again a few weeks ago by consumer group Which? and its probe into St James’s Place. In a mystery shopping exercise, it found three of the 12 advisers visited did not […]
Murray has emphasised his commitment to the business