Investors in split caps will hear this week how and when Fund Distribution, the company set up by the Financial Services Authority after the crisis, is to make its payments to those eligible for compensation. Eighteen fund management companies paid into the company in December after reaching agreement with the FSA, with Exeter Asset Management and Teather and Greenwood signing up this month.
Prudential is looking at developing its own wrap but says it will monitor the market before making any decisions. If it goes ahead, it says it will adopt a model that involves third parties sharing costs.
UK plc has record levels of cash on its balance sheets, providing a strong base for economic growth, according to Legal & General.
With combined sales of UBS’s absolute return bond fund, and DWS’s Ratebuster product topping £90m in their offer periods, the industry has been reflecting on whether these apparently safe products can deliver on their promises. Hargreaves Lansdown investment manager Ben Yearsley says the most important thing with new products is that they have good investment […]
A few years from here, the UK financial advisory landscape is going to look a lot different. Depolarisation, with its payment menu, the arrival of wrap providers, the enhancement to supermarket platforms and the reaction of life companies with their own administration platforms and open architecture around their products will all combine to shape this […]
Managers James Foster and Jacob de Tusch-Lec outline the fund’s investment approach and discuss current investment themes and outlook for the bond and equity markets. As James and Jacob confirm, the Artemis Monthly Distribution Fund’s aim is to generate an income from both equities and bonds. They explain their investment approach in each asset class, the sectors where they are […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]