Isis fund picker Richard Philbin has sold his holding in the Gartmore European Selected Opportunities fund. Philbin says the move is a shift towards more focused funds designed to capture stock specific returns rather than broader portfolios which are likely to be more correlated to the index.
Reading Andrew Verity's piece in MM last week on the importance of debt counselling in the spectrum of services provided by IFAs, I cannot help but think that his approach is somewhat naive and unrealistic.First, people with severe debt problems hardly represent very lucrative prospects for any business, irrespective of the remuneration basis on which […]
Over the last three years, during the longest bear market since the 1930s, many of you have focused more on protection.This has been a means of generating income in a market that has sometimes been difficult for investment business. In many segments of the market, volumes have been heavily influenced by price but there are […]
Industry trade bodies and regulators have joined together in a plea to practitioners to continue their training & competence regimes over the continuing period of ambiguity. Speaking together at this year's Money Marketing Live in Manchester, representatives of Aifa, the FSA, MCCB, the Financial Services Skills Council and the Institute of Financial Planning responded to […]
The two new chiefs at the FSA are to publish a report early next year on how the FSA sees the retail investment market shaping up in the future, it was announced at the Money Marketing Live conference in Manchester on Tuesday.FSA director of investment firms David Kenmir said that new FSA chief executive John […]
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.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]