View more on these topics

Record sales for Standard Investments

Standard Life Investments has recorded its strongest-ever three-month sales period for its mutual fund range, more than double its third-quarter figures for last year.

The firm says inflows for the third quarter this year leapt by 118 per cent to 143.2m, from 65.6m for the period in 2004.

SLI says September’s sales of 63.7m represent the best-ever month’s trading for the company, almost matching the entire sales figures for the third quarter of 2004.

It says its top-selling Oeics were UK equity high income, UK opportunities, higher income, corporate bond and AAA income.

Twelve of the 19 retail funds outperformed their respec- tive peer groups over the last year while eight of the 12 funds turned in top-quartile performances over the same period.

Investment director Jacqueline Kerr says: “We are confident that this strong momentum will continue given the continued development of our product range, as highlighted by the recent launch of our select property fund and the soon to be launched ethical corporate bond fund.”


FSA under pressure to review restrictions on Nurs funds

The FSA’s approval process discriminates against the inclusion of non-Ucits retail schemes in life and pension wrappers, says fund manager Insight. Unlike Ucits funds, there is no automatic approval for Nurs funds as permissible properties for linked life contracts. Providers must apply to the FSA for a waiver to include the funds. Nurs funds are […]

FundsNetwork is offering funds from 30 providers

FundsNetwork is to offer funds from 30 providers in its investment bond provided by Standard Life which will be ready to take money on December 12. Over 100 funds will be available, with advisers entitled to up to 20 free switches, with that number to increase next year. After Fidelity, providers with the most funds […]

DWP to consult industry on PPF

The Department for Work & Pensions is to consult on technical aspects of the Pension Protection Fund, including levies, how schemes are transferred into the PPF and compensation levels.

Aifa stakeholder advice call

Aifa says the FSA should inc- lude availability of advice as part of the suitability criteria when advising on personal pensions to take into account the lack of IFAs selling stakeholder products. Responding to the FSA’s consultation paper on Suitability Standards for Advice on Pers-onal Pensions, Aifa says IFAs and whole of market advisers are […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm