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Portal picks 7IM for service deal

Money Portal has chosen Seven Investment Management as its recommended provider for discretionary management.

Advisers are still free to choose other third-party discretionary managers but the 7IM service integrates with the Your Money Portal investment hub and data aggregation services.

Money Portal head of distribution strategy Alan Easter says: “Discretionary services are usually provided at the premium end of the market with high costs that, in some cases, are hard to justify.

“We have worked with 7IM and have been impressed with their approach to investing and absolute return styles as well as their understanding of the importance of net returns.”

7IM director Justin Urquhart Stewart says: “The service will provide Money Portal advisers with access to institutional-calibre investment management and a tailored facility to enable them to steal some of the business away from private banks that have not exactly covered themselves in glory recently with their charging structures.”


Taking cover

Norwich Union recently decided to withdraw some of the unemployment-only cover that it underwrites for Paymentshield and Select & Protect and the move has brought concerns that unemployment cover will be increasingly difficult to find in a worsening economic climate.

Self-cert victory for exemptions

The Government has bowed to industry pres-sure by allowing employers to self-certify that their pension schemes meets the exemption test for personal accounts.

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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