Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]
The Standard Life Investments MyFolio range is holding neutral positions on all its asset classes for the first time since its launch in 2010. Speaking to Money Marketing, SLI head of fund of funds management Bambos Hambi says the range of 25 funds, which hit £10bn in assets in October, is currently not taking strong […]
A search for competitive advantage is driving up the price tag of replatforming for firms as experts warn costs could rise above estimates. A recent Finalytiq report estimates the total cost of replatforming for Ascentric, Alliance Trust Savings, Aviva, Funds Network, Old Mutual Wealth, and Cofunds is £828.2m. But what exactly are the costs that […]
You cannot please everyone all the time but Michael Ossei is certainly having a go. As head of adviser product and services at Unbiased, Ossei has the unenviable task of juggling the demands of advisers and consumers within the commercial framework that makes it all possible. Not easy, given the rebrand Unbiased unveiled in May […]
The Legal Services Act of 2007, which opened up the legal market to competition, has put the cat among the professional pigeons. In the words of a 2015 Law Society report on what the legal profession is likely to look like in five years’ time: “Business as usual is not an option for many, if […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]