View more on these topics

OBSR suspends AA rating on Investec global energy fund

Old Broad Street Research has suspended its AA rating of Investec’s global energy fund following the announcement Tim Guinness will stand down as manager.

The suspension takes place immediately. OBSR will be meeting with the new managers to discuss the situation going forward.

Research director Richard Romer-Lee says: “Following the announcement that Tim Guinness is to be replaced as the manager of the Investec global energy fund, OBSR has taken the decision to suspend the AA-rating with immediate effect.

“The management of the fund had previously been outsourced to Guinness Asset Management but Investec has elected to bring this in-house. To this end, Investec has hired Mark Lacey and Jonathan Waghorn to take over the mandate and it is OBSR’s intention to meet with the new managers in order to establish their plans for the fund going forward.”

Recommended

Pink Home Loans acquires majority shareholding in BDS

Pink Home Loans has acquired a majority shareholding in BDS Mortgage Group.The investment will result in a combined group that originated over £13bn in lending in 2007 and enjoys an overall base of 550 business writers and 50 satellite packagers.Customers and appointed representatives of both Pink and BDS will see little change in their relationships […]

Offshore move by Winterthur

Winterthur is venturing into the offshore market with an investment bond and discounted gift scheme.It says pre-Budget report proposals created uncertainty but it believes offshore products are becoming a core part of financial planning. Operating from Axa Isle of Man, the new Winterthur International business is offering a unit-linked single-premium investment bond for life or […]

Widows backing diploma studies

Scottish Widows has formed a partnership with the Chartered Insurance Institute to support advisers progressing towards diploma and advanced diploma qualifications.Widows says it is investing over 250,000 in the programme, which will be made available initially to IFAs who have signed up for its existing exam revision workshops.The package, which aims to complement the CII’s […]

List to starboard

In my last IFA View of 2007, I penned a list of wishes for the new year. I am now looking back at the list with feelings ranging from mild shock to some amusement.

Guide

Guide: 10 required letters — what to send, to whom and when?

This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com