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Renewal help from Schroders

Schroders multi-manager team will help IFAs get to grips with justifying renewal commission and outsourcing investment advice.

The asset management group is to hold a series of roadshows for intermediaries that will focus on developing knowledge of the multi-manager sector.

Investment development manager Lee Freeman-Shor will argue that outsourcing investment management, administration and reporting functions to multi-manager frees time to focus on relationship management.

He will discuss ideas on how IFAs can justify renewal commissions that clients are paying, increase the firm’s income and free up more time to offer a more holistic service to clients. He will argue that outsourcing is not just an investment decision but a business decision.

Schroders launched its two multi-manager funds in September. The S&P strategic balanced fund and S&P high alpha portfolios are managed by Schroders multi-manager team of six and supported by 55 S&P analysts.

Freeman-Shor says: “The problem is that many IFAs devote the majority of their time to researching, administering and monitoring individual clients’ investments. Leaving little time to build the business and service clients. Many IFAs have been trying to carry out every aspect of portfolio management, from asset allocation and fund selection to portfolio construction and monitoring. This is a full time job requiring huge resources, experience and the latest risk management tools. With increased reporting requirements and regulations, outsourcing fund management is an obvious route to take.”


DB firms foresee funding problems

More than three-quarters of employers with final-salary pensions expect to face future funding difficulties, according to the NAPF’s latest annual survey.

Ten per cent of private sector final-salary schemes closed to new members in 2004 compared with 26 per cent in 2003 and 19 per cent in 2002.

Ventus plans for wind of change

Brewin Dolphin Securities is sponsoring the Ventus VCT, a specialist venture capital trust that invests in companies developing, constructing and operating small UK wind energy projects.


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