View more on these topics

No evidence of research

Why is it that advisers such as Hargreaves Lansdown, Chase de Vere and Torquil Clark, all of whom have “teams of analysts and res-earch tools to monitor and track fund performance” (MM, August 9), consistently push funds which have nothing to recommend them other than the respective firms&#39 endorsement?

I have read literature from all the companies in question and can find no evidence of research of any kind.

There is sufficient infor-mation from investment publications, providers and on the internet to make solid recommendations based on the latest information.

IFAs who utilise such resources provide very good reasons why clients should invest in specific funds. Unlike the two-line nonsense that passes for fund knowledge from National IFAs.

Philip Thomas

Thomas Financial Planning,

St Helens,


I was very interested to read the article from Peter Hargreaves in Money Marketing and wonder whether you have had any response to his very well argued points from other IFAs.

We here, a relatively small (10 RIs) firm of IFAs, feel very strongly that we should not be asked to pay comp-ensation, some of which has gone to pay the shareholders in Towry Law, who have either been very badly advised by their professionals (in which case, the latter should be sued) or have been incompetent.

It is no fault of the bulk of IFAs that Towry Law got themselves into this mess and it is indeed quite sickening to see Douglas Black featured in Money Marketing trumpeting how many IFAs he wants to employ in the next few years.

Surely Peter Hargreaves is right in that either the directors of Towry Law were incompetent and should therefore not be remunerated for their shares or their advisers did not do their homework correctly and that they should therefore be sued by the ICS to recover some or all of this money?

I think the whole episode is disgraceful and for Mr Black to say that they industry is better off because of the way the deal was constructed is downright insulting.

John Miln

Chairman and chief executive,

John K Miln,



Inora Life gets dynamic again

Inora Life is introducing the second version of its dynamic income fund.Dynamic income 2 is an offshore insurance bond registered and managed in Dublin. Inora Life is hoping the fund will appeal to two types of investor; members of the British expatriate community and UK investors. Both types will be looking for a medium-risk investment […]

Independent view

I can think of about a dozen reasons why I should not be outspoken and forget what else is happening around me and just adjust my business appropriately when inappropriate regulation and stupid regimes are introduced.I wouldn&#39t upset as many people. I wouldn&#39t incur the wrath of the investment gro-ups, the life companies and even […]

Product matters

America remains the key market. If America falls further, everywhere else is bound to follow. Many investors are still light in American shares, despite the market holding up remarkably well compared with most other world markets. GAM is in the process of launching a Star American Focus fund under the stewardship of James Abate, formerly […]

Deutsche Asset Management – Deutsche Corporate Bond + Fund

Monday, 3 September 2001.Type: Oeic.Aim: Income by investing in investment and non-investment grade bonds.Minimum investment: Lump sum £1,000 class A shares, £500,000 class B shares, monthly £25 class A shares.Investment split: Investment grade bonds 80 per cent, non-investment grade bonds 20 per cent.Yield: 5.85 per cent.Isa link: Yes.Pep transfers: Yes.Charges: Initial 4 per cent class […]

Pensions - thumbnail

Auto-enrolment — don’t leave it too late…

With auto-enrolment (AE) well under way for the UK’s largest businesses, over the next three years an additional 800,000 smaller employers (with less than 60 employees) will start their journey to comply with the legislation. AE mandates all eligible employees and their respective employers to make regular pension contributions into a qualifying pension scheme. To learn more about the legislation read our brief Jelf AEase — simple steps to AE compliance guide.


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