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Schroders sells up UK Prime

Schroders multi-manager has become the latest company to sell out of the F&C UK prime fund.

The F&C fund has suffered blow after blow since the departure of fund manager Mike Felton two months ago.
Investors and multi-managers are thought to have lost confidence in the performance of the former Isis fund since the merger.
F&C director of multi-manager Richard Philbin has also sold a stake in his own company’s fund.
Schroders says that it has decided against replacing the fund with a similar UK equity fund.


Prudential signs multi-tie deal with Destini and Thinc

Prudential has become the fourth life office to sign up to Thinc and Destini’s multi-tie panel.Pru has also been signed up as the IFA’s single-tie annuity provider.Pru’s range of life, pensions and protection products will be available through the multi-tie panel once it is up and running from 15 January.Destini and Thinc have now signed […]

Read IFA fined 150,000 for pension unlocking

The FSA has fined Read Independent Financial Advisers Limited 150,000 for advising consumers to unlock their pensions.The FSA says Read has been fined because of serious defects in its sales process, inadequate familiarity with regulatory requirements and failure to include adequate risk warnings in its financial promotions.These breaches potentially affected 1,100 consumers between September 2000 […]

B&B misselling occurred despite regulatory warnings – FSA

The FSA says B&B’s misselling of precipice and with-profits bonds was made more serious because B&B was warned there were significant issues with the quality of its customer records but failed to act.The regulator says B&B was warned on a number of occasions from 1998 onwards but failed to appreciate the significance of those warnings. […]

Inheritance tax when it is relevant

Neil Jones is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. A trust can offer significant advantages when an individual is […]


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