View more on these topics

Polarisation changes pave the way for Fund Supermarkets

Fund supermarkets will be allowed to continue without risking infringing polarisation rules, after changes to the legislation were announced today.

The changes, proposed in a letter to the Chancellor by FSA chairman Howard Davies, will allow supermarkets to freely promote products from multiple providers — exempting them from the current polarisation legislation.

Polarisation restrictions to mailshots and newspaper supplements will also be removed.

Cofunds chief operating officer Ruth Clarke said she is unsure whether the changes will be the best option. She says: "I’m struggling to see if the abolition of polarisation will be good for the consumer. We need to think what the impact will be on us as a business."

Recommended

Jupiter launches Euro trust

Jupiter Fund Managers is launching a European Opportunities Trust which can be bought within a tax-free Isa. The trust will be managed by Alex Darwall who ran Jupiter&#39s previous European trust and who has achieved returns of 254 per cent in the last five years. The minimum investment in the trust is £1000.

Woolwich – Open Plan 3.55 Per Cent Discount For 2 Years

Thursday, 9th November 2000.Type: Discounted-rate flexible mortgage.Discounted term: Two years.Discount: 3.55 per cent.Payable rate: 4.2 per cent.Minimum loan: £1,000.Maximum loan: Up to 95 per cent of valuation subject to no maximum.Income multiples: 3.25 times principal income plus second or 2.5 times joint.Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.Arrangement fee: £195.Redemption fee: […]

IAN TAYLOR

W hen the Association of Investment Trust Companies chose to team up with Trans act, a consolidated portfolio service for IFAs, it could hardly have hoped for a more enthusiastic leader to manage the system.Ian Taylor, 36, who is the general manager of Inte grated Financial Arrangements, says the online marketing venture with the AITC […]

IFAs and providers may meet costs

BSkyB&#39s proposed Financial Channel is starting an extended consultation with product prov iders to work out how the channel will be funded.The company says its approach could involve IFAs and other viewers paying a subscription or providers footing the bill through advertising and other deals.BSkyB, which says it ant icipates huge interest from providers, is […]

The future of active management is now

Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management’s shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, lower-cost solutions. Four investment experts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment