Prudential is looking at developing its own wrap but says it will monitor the market before making any decisions. If it goes ahead, it says it will adopt a model that involves third parties sharing costs.
Baring Asset Management has been called greedy after saying it is likely to follow Credit Suisse and Threadneedle in raising management charges. Baring marketing director Ian Pascal says his firm is looking at raising the charges on some of its funds, arguing that the increase is needed because the costs of running a fund management […]
Ninety-two per cent of IFAs say they intend to retain their independent status within the depolarised market. This is one of the main findings of The Exchange’s 2005 technology index, which surveyed 300 IFAs via the Exweb portal. The figure shows that the independent sector is here to stay.
Progress in the relationship between IFAs and the FSA has been a case of one step forward and two steps back, Aifa director general David Severn told Money Marketing roadshow delegates last week.
Goy Harris Cartwright is relaunching its managed portfolio service as a range of fixed-weight portfolios with a new risk-grading system and a 1.25 per cent annual management charge. The system is intended to make it easier for clients to choose the strategy that is best suited to their investment needs and appetite for risk. Three […]
Jelf Employee Benefits has given its initial thoughts on the chancellor’s 2014 Autumn Statement. The company is seeking to isolate the sections of the speech (and the supporting document) that are relevant to the employee benefits debate. The first such area is pensions related.
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Fighting over those in financial services, rather than garnering interest from outside it, is asking for trouble When you ask the owner of an advice firm what concerns them most, they respond with one of two answers: regulatory change and recruitment. For once, I am going to talk about the latter. Here are the main problems as […]
Columbia Threadneedle is urging Unilever to engage with investors after its decision to establish its main headquarters in Rotterdam. Columbia, one of Unilever’s biggest shareholders, said it was disappointed with Unilever over concerns the move could be damaging for British shareholders. Head of responsible Investment at Columbia Threadneedle Investments Iain Richards said in a statement: […]
Aviva has u-turned on plans to scrap preference shares to investors. In a statement this morning, the insurance giant said that since it mooted the plans in its annual results earlier this month, it had discussed the issue with investors who had provided “strong feedback and criticism.” Based on the responses, Aviva says it has […]