View more on these topics

Skandia hands out £250m in mandates

Skandia Investment Management has awarded £250m in fund mandates.

The firm has awarded two mandates for its £600m active UK portfolio, with UBS given a £185 value mandate and Gartmore Asset Management given a £65 pragmatic growth mandate.

SIM marketing manager David Orr says this is one of the biggest retail mandates ever awarded in the UK.

The firm has this year taken £700m in assets under management and has done more than 4,500 deals with IFA partners. Since its launch in April 2003, SIM has taken more than £1.7bn in assets under management.

Orr says: “As far as we are concerned, this is one of the biggest mandates in the UK fund market. Because of our in-depth research, we are able to keep the number of mandates in the portfolio at the lowest possible level.

“It really comes down to the contribution of the managers in the portfolio and their expertise.”


BGI goes to exotic ETF

Barclays Global Investors has added the i-Shares MSCI Japan fund to its range of exchange-traded funds and will follow this up with three more new additions. The fund will track the performance of the MSCI Japan index, which consists of companies such as Nissan, Honda and Toyota motor companies, Canon and Sony. The index represents […]

MCCB calls for reasons-why letters to be retained

The Mortgage Code Compliance Board has identified key issues for the industry after the FSA takes over the regulation of mortgages. Its final annual report published last week, the MCCB recommends that in all non-advised sales, consumers should be given a warning of the consequences of not obtaining advice. It also stated that the title […]

Analysis costs may stop IFAs doing transfers

IFAs may stop doing pension transfers altogether if they are forced to pay for independent transfer value analysis, warns a leading technology provider. Chambers Townsend Con-sultancy managing director Nigel Thomas says Sesame&#39s decision to force members to pay for reports from independent TVAS provider O&M Systems – reported in Money Marketing last week – could […]

Networks awarded Part IV authorisation from FSA

The following networks have received their part IV, full authorisation from the FSA in readiness for mortgage and general insurance regulation: Arden CourtBDS Mortgage GroupBest Advice Mortgage NetworkBlue PearlBurns-Anderson Independent NetworkCartelClassic Network SolutionsCompassComplete Mortgage and Loan ServicesComplete Mortgage & Loan ServicesDirect Life & PensionsEthical Mortgage SolutionsEnable Mortgage & Insurance NetworkFalcon Group IFAFirst4BrokersFreedom FinanceGenesisH3 LtdHomeloan Partnership […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm