View more on these topics

Origen delays investment arm launch

Origen client services director Mark Pearson says volatile market conditions have led to the firm delaying the launch of its investment arm.

It was initially planning to launch a discretionary management service for its 150,000 less affluent clients in early April but Pearson says that market conditions have shown there is a need to look at potential partners in far greater depth and does not anticipate a launch until September.

The less affluent clients represent around £7.5bn of assets under management. Origen outsourced its £65m high-net-worth discretionary fund management arm to Brooks Mac- donald Asset Management in May 2008.

Pearson says: “We have about 10 or 12 big investment houses, including a number of multi-manager providers, that we feel can meet our objectives in the space but the past 18 months have taught us that we need to look at these businesses inside out.

“Not so long ago, many would have been seen as bulletproof but now a number will have big questions hanging over their heads.

“We need absolute transparency but we will also be looking at brands and public perception. In the past, many would have gone on what a rating agency said but now the level of due diligence has to be far greater.”

Recommended

£3.6M for Matthews if he hits targets

Friends Provident chief executive Trevor Matthews will get a £3.6m share award in 2012 if he hits performance targets. Matthews was paid £369,758 in relocation costs when he left Standard Life and got £1.2m in salary, benefits and bonuses in 2008.

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]

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