After a barren spell, the Diary has been made awareof some more hidden talents in the crazee world of financial services. In this case, though, the talent has actually won something. Congratulations, then, to 20-year-old Close Fund Management sales & marketing assistant Gabrielle Rayner, who won the British National Irish Dancing competition two weeks ago at the Empress Ballroom in Blackpool. Gabrielle beat rivals from England, Ireland, Scotland, Wales and the US in the age 19-21 category to scoop the prize.
Aberdeen Asset Management has suspended two more of its split-cap investment trusts, leaving investors unlikely to see any ret-urn on their money.The boards of Aberdeen's high-income trust and leveraged income fund suspended trading last week.The news comes only a week after its media & income trust was put into liquidation.Seven splits from across the industry […]
West Bromwich Building Society has teamed up with Norwich Union to offer the combined portfolio plus bond.This combination bond consists of a one-year fixed-rate bond from West Bromwich Building Society and a unit-linked bond from Norwich Union.Investors with at least £10,000 must put 30 per cent of their capital into the West Bromwich guaranteed growth […]
Influential analyst Ned Cazalet has launched a scathing attack on Standard Life, saying its reserves are severely depleted and that it is pursuing a high-risk investment strategy.Speaking at a round table organised by F&C, Cazalet said: “Standard Life has lost £9bn out of its £10bn capital. Standard Life is taking riskier and riskier bets. Standard […]
Summing up, Boylan says: “Where there is a case fordrawdown with smaller funds, they will have to go elsewhere. Largefunds will probably go to specialist administrators and pay the feesdirectly. This is a good offering for the £100,000 to £500,000 type offund. Again, I should like to see discretionary portfolios on offercombined with a lifestyle […]
As we approach the two-year milestone of auto-enrolment, employers have had the opportunity to truly assess the capabilities of their chosen support. They are also now realising that getting to the staging date was the easy part, and that support is required for almost every aspect of the day to day running of their scheme. With the three-year re-enrolment window coinciding for many with the total removal of commission and Active Member Discounts from pension-related products and services, as well as the introduction of the pension charge cap in April 2015, many employers will have no choice but to review their support options. But, what is involved in transitioning your auto-enrolment scheme away from your current support options? This guide from Johnson Fleming aims to outline some of these key areas and provide information and discussion points on what you need to consider.
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]