Paying for performance is under increased scrutiny as fund management houses look to justify fund charges in light of steep losses felt by investors. While top-performing funds may be able to command or maintain a higher charge, the pressure on fees will be felt on those which have underperformed. With equity markets still struggling to advance significantly, this trend is likely to accelerate.
Seven Investment Management saw its assets under management rise 14 per cent to £12.4bn in 2017. The firm says profits were £19.4m, up 4 per cent on the previous year. 7IM platform assets under management grew 19 per cent during 2017 to £7.7bn 7IM chief executive Tom Sheridan says 2017 was a “solid” year for […]
NS&I has reaffirmed its commitment to working closer with financial advisers as it lines up a series of service improvements for later this year. In its annual report, released this morning, the government-backed savings bank confirmed that its plans earlier this year to give financial advisers telephone access to clients’ NS&I holdings had gone to […]
As platforms continue to struggle with upgrading their systems, analysts are urging AJ Bell to keep its focus on technology ahead of its planned listing. AJ Bell is set to launch an initial public offering of shares on the main market of the London Stock Exchange either later this year or early next. The platform […]