The Association of Mortgage Intermediaries’ July census shows that 57 per cent of 252 inter-mediaries polled believe sourcing systems should be responsible for information provided in KFIs. Fifty-two per cent say sourcing systems are still their preferred method of obtaining KFIs.
Millfield has sold its 25 per cent stake in the Lifetime wrap to Norwich Union for 9m, meaning NU now owns 97 per cent of the platform.A deferred payment of up to an extra 6m could also be paid over the next four and a half years depending the achievement of certain targets.Millfield says the […]
Not so very long ago, it looked as though the FTSE 100 index would struggle to stay at the 5,000 level.
Jupiter Asset Management has appointed Sebastian Radcliffe to manage its Jupiter global technology unit trust. The 55m trust will be managed by Radcliffe with effect from Monday August 8.Radcliffe has worked at Jupiter for eight years and will replace Prakesh Rajasekeran, who is leaving Jupiter to pursue other opportunities. Radcliffe has managed the 16.4m Jupiter […]
Keydata is to make major enhancements to its free IFA CD aimed at giving advisers the same fund trading technology as discretionary brokers. It says the November issue will allow IFAs to combine funds from any supermarket and fund manager, perform valuations and trade funds. Keydata CD was launched in 1997 but has not seen […]
Graeme Robb, technical manager, explores how changes in legislation are impacting trustees who aren’t entitled to the dividend nil-rate band. Read more
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OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]
Recently regulatory changes have led to a much greater focus being placed on everything the end client pays. For asset managers, there has been a greater focus on a fund’s AMC and ongoing charges figure. This has helped passive funds gain significant inflows over the last couple of years and generally they are much cheaper […]
Making sure you have the appropriate records to support the conclusion in a short time frame is vital