View more on these topics

SIG drops trio from UK best ideas fund

Skandia Investment Group has removed a number of managers from its UK best ideas range, including Jupiter income guru Anthony Nutt.

Nutt has been removed alongside the Ignis Cartesian duo of Andrew Kelly and David Stevenson and River & Mercantile’s Dan Hanbury.

Hanbury has also been removed from its global best ideas range, with his place going to Old Mutual Asset Management’s Luke Kerr.

SIG has not replaced the managers in the UK fund, meaning it now comprises the best ideas of seven fund managers. These are Audrey Ryan at Aegon; Jacob de Tusch-Lec at Artemis; Richard Plackett at BlackRock; Luke Kerr at Old Mutual; Richard Buxton at Schroders, Hector Kilpatrick at SVM and George Luckraft at AXA Framlington.

SIG CIO James Millard says: ““While we were extremely disappointed to see Skandia UK Best Ideas Fund reacting badly to the collapse in stock prices in 2008, our expectation was that the fund would recover equally as strongly when the market recovered in 2009. Given that the fund did not outperform as we anticipated, it has been necessary to take significant action on behalf of our investors.

“The managers remaining in the fund in combination should deliver stronger performance as the fund will be better equipped to adapt to changing market conditions going forwards, however we will not hesitate to make further changes if appropriate for investors,”


Clear move to service

For many years, our firm has been providing lifetime financial planning to the majority of our clients, from protection and debt management to pension and investment planning, post-retirement planning and the passing on of wealth. However, changing legislation and regulatory requirements such as treating customers fairly, the retail distribution review and the continued volatility in […]


Portfolio tools could leave IFAs exposed to UK gilt risk

JP Morgan Asset Management head of UK retail sales Mike Parsons has warned that IFA portfolio tools could leave clients overly exposed to UK gilts. Parsons says asset allocation tools do not differentiate clearly between different categories of fixed income, which could leave clients at risk. He says: “A lot of tools say you should […]

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.


News and expert analysis straight to your inbox

Sign up


    Leave a comment