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Skandia awards best ideas mandates to Artemis’ Steer

Skandia Investment Group has replaced Kames Capital’s Audrey Ryan with Artemis’ Tim Steer on its UK and global best ideas funds.

The firm has handed Steer a £38m mandate in the global best ideas fund and a £24m mandate in the UK best ideas fund.

Steer runs the long-short best ideas mandate within the Skandia strategic best ideas fund. He previously managed a mandate in the Skandia UK best ideas fund while he was at New Star.

Skandia Investment Group portfolio manager Lee Freeman-Shor says: “Steer is a hugely experienced and highly skilled manager and is well known to us . We have been able to see first hand over a number of years how Steer can add value across the market cap range in a focused portfolio.”



EEA slams “reckless” FSA over life settlements

EEA Fund Management has hit out at the FSA after the regulator described traded life policies as “high risk, toxic products”. In a written response to the regulator, EEA says the use of the term “toxic” in relation to traded life policy investments as an asset class “is without merit and reckless”.

In the letter signed […]


Paradigm set to launch Amber corporate wrap

Paradigm is to launch its corporate wrap next week as a standalone business which is likely to be branded Amber, as revealed in this week’s Money Marketing. The SEI-powered platform will be made available to the wider adviser market and will include a group personal pension alongside a workplace Isa and general cash account. The […]


FSCS funding review set for more delays

A review of Financial Services Compensation Scheme funding could face further delays after European institutions put the investors compensation scheme directive on hold as they cannot reach agreement in key areas. The FSA aims to consult on a review of FSCS funding in the first half of this year after a lack of clarity over […]


Ministers advised to increase proposed £35,000 LTC cap

A report by a Department of Health working group has recommended almost doubling the proposed the £35,000 cap on an individual’s long-term care costs, according to the Daily Telegraph. The Dilnot commission’s report, published in July, calls for a cap on individuals’ lifetime contributions to social care costs of between £25,000 and £50,000, with £35,000 […]


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