Falling interest rates have increased the appeal of income-producing products while falling stockmarkets have boosted the attractions of downside protection. This combination has led to a re-emergence in the popularity of structured products but overhanging this trend is the spectre of the late 1990s and precipice bonds.
Enhanced annuity sales rose by 35 per cent to break through the 1bn barrier last year.Consultancy Watson Wyatt says sales have increased by 161 per cent since 2001 and it believes the trend will continue.It estimates that up to 40 per cent of people taking out an annuity may be entitled to enhanced rates.Enhanced annuities […]
Societe Generale has launched a steeply discounted £4.1bn share sale in a bid to cover the £3.7bn loss made by rogue trader Jerome Kerviel.The bank is offering a one-for-four rights issue at £35.50 a share, a discount of almost 40 per cent on Friday’s closing price. The rights issue is being underwritten by JP Morgan […]
New Star’s multi-manager team are attributing the outperformance of their active portfolio to its ability to invest in a range of asset classes and markets while measuring downside risk in every position it takes.
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]