View more on these topics

Pegrum heads high-risk fund as Insight bids to be major player

Insight Investment is bolstering its bid to become a major player in the UK

retail market with an aggressive, high-risk fund for star manager Neil


The UK dynamic fund, which opens next week, will be a multi-cap fund

holding a highly concentrated portfolio of between 25-40 undervalued stocks.

It will be benchmarked to the FTSE All-Share index and seek long-term

capital growth through investing in stocks in any UK sector.

The fund differs considerably from Pegrum&#39s previous fund – the M&G

British opportunities fund – which had dozens more holdings and a minimum

33 per cent large-cap requirement.

It outperformed the FTSE All-Share by more than 20 per cent over three

years and five years.

But Pegrum says the focused nature of the new fund will boost the chances

of delivering strong performance as he and deputy manager James Grieve will

have to have real conviction in each stock to include it in the portfolio.

Charges are 5.25 per cent initial and 1.5 per cent annual. Commission is 3

per cent and 0.5 per cent trail.

Chelsea Financial managing director Darius McDermott says: “The M&G

fund was much less risky but Pegrum is a proven stockpicker. The new fund

will be closely watched but will not appear on our buy list just yet.”


Axa and CIS cut WP bonuses with other firms set to follow

Axa and CIS kicked off the new year by imposing a new round of bonus ratecuts for with-profits policyholders and IFAs predict that more companieswill follow.For Axa, the 5 per cent cut on payouts on with-profits bonds is the fourthunscheduled bonus cut since its annual declaration last March when itintroduced a cut of between 4-5 […]

Simply Biz recruits over 50 firms in first month

Simply Biz, the service provider established by DBS founder Ken Davy, hasrecruited more than 50 firms comprising over 130 RIs in its first month ofbusiness.The new recruits range from IFA firms which are directly regulated toadvisers who were formerly tied agents as well as IFAs who have left theirexisting networks to join Simply Biz.The Huddersfield […]

Slight fall in number of credit-impaired says Datamonitor

The number of credit impaired individuals fell to 7.8m in 2002 from 7.9m in 2001 according to research from market analyst Datamonitor.The figure, that has decreased from 8.2m since 1998, reflects the number of people who are systematically refused credit from mainstream lenders whatever the size of their application. It includes sub-prime, non-status, non-conforming and […]

Bafta night for Forum

The Financial Services Forum is holding its third annual members&#39conference on February 26 at the British Academy of Film and TelevisionArts on Piccadilly in London.Contributors to the conference include Abbey National marketing directorJanet Connor, First Direct head of brand Nick Bowyer and AMP head ofthird-party distribution Damon Watkins. All members of the FinancialServices Forum are […]

In Focus image

In Focus — May 2015: private medical insurance market in Germany

Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.


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