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Old Mutual fund moves sector

The Old Mutual Hallmark Growth Portfolio fund, previously known as the OM Gerrard Hallmark Growth Portfolio fund, is moving from the balanced managed to active managed sector to allow more investment in equities. The balanced managed sector only allows a maximum of 85 per cent equity exposure. The Gerrard Hallmark Growth and Gerrard Hallmark Income Portfolio funds are now taking on the Old Mutual brand.


Pru chief Wood defends &#39important&#39 WP

Prudential chief executive Mark Wood has defended the role of with-profits products, saying they are too important for the country to be killed off.Speaking at Prudential&#39s with-profits roadshow in London last week, Wood said the combination of CP121 and the Sandler review presented challenges for product providers and IFAs alike but he said the Pru […]

Catmark by IFAs could help consumer understanding

Royal London and its marketing division Scottish Life is taking a stance against the FSA&#39s view that only IFAs operating under a defined-payment system can be classed as independent.The group&#39s response to CP121, Reforming Polarisation, says it is market choice, best value and product suitability that characterise independence, not the method of payment.Rather than benefiting […]

FSA handbook jargon gets IFAs&#39 &#39pain English&#39 award

IFAs are baffled by the FSA handbook&#39s “American style” terminology to describe regulatory terms.IFAs say they find it difficult to understand FSA jargon in its website and handbook. They say terms such as real time financial promotion, unsolicited real time financial promotion and specific non-real time financial promotion, all relating to a client visit, add […]

FSA warning as FSAVC deadline nears

The FSA is warning IFAs not to stall on the FSAVC review as the May 10 deadline for progress reports draws near, saying that many small firms still have a lot of work to do.Writing in this week&#39s Money Marketing, the FSA spells out where IFAs are lagging behind and urges them to pull out […]


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