View more on these topics

Standard aims for small firms

Standard Life Investments has launched a global smaller companies fund for head of smaller companies Harry Nimmo.

The fund focuses on capital growth and is co-managed by smaller companies investment director Alan Rowsell. The portfolio will comprise 40 to 80 holdings and is benchmarked against the MSCI All Country World Small Cap index.

Fifty per cent is invested in the US, 25 per cent in the UK and Europe and 25 per cent in the rest of the world.

Nimmo says: “In the short term, the shadow of the euro hangs over all asset classes and markets but the recent period of weakness is beginning to turn up high quality, growth businesses at really quite modest valuations.”

Minimum investment is £500, initial charge is 4 per cent and annual charge is 1.7 per cent.

Hargreaves Lansdown senior analyst Meera Patel says: “Small caps have had a tough time and valuations have gone down but fundamentals have not changed. They are cheaper and so the growth prospects are bigger.”



Virgin plans to double Northern Rock lending

Virgin Money plans to double the value of mortgage lending that Northern Rock advanced. It says it aims to advance around £45bn in mortgage loans over the next five years. The target means it would lend an average of £9bn a year for the next five years, although it will not confirm how the money […]

Invesco targeting capital securities with global fund

Invesco Perpetual has launched a global financial capital fund under the management of co-heads of fixed income Paul Causer and Paul Reed and chief investment officer Nick Mustoe. The fund will invest in a portfolio of capital securities of banks and other financial institutions, including cash and cash equivalents across the globe. It will also […]


New legal service launched for IFAs

Financial services barrister Peter Hamilton has launched a specialist legal advice service for advisers and financial services firms. Hamilton (pictured), who works as a barrister at 4 Pump Court, has set up the service with fellow barrister Alison Potter. It offers legal advice and representation to advisers, including help with securing FSA authorisations and advice […]

MP calls for personal statements setting out how taxes will be spent

Conservative MP Ben Gummer will today call on the Government to introduce taxpayer statements explaining to people how their taxes will be spent. Gummer’s proposal would see taxpayers get annual statements showing how much tax they will pay in the current year and the year to come as well as how money will be divided […]

Auto enrolment – so far so good?

Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]


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