View more on these topics

Standard & Poor&#39s merges UK services

Standard & Poor&#39s is merging all its UK investment fund information services into a single unit.


S&P Micropal, S&P Fund Research and S&P Managed Funds Ratings will all come under the single remit of Standard & Poor&#39s Fund Services.


It will bring together around 300 employees located in 13 countries.


There has been speculation in the industry that S&P would merge Micropal and Fund Research since the US group bought Micropal in November 1997, six months after buying Fund Research.


Sanford Bragg will be managing director of the new unit and will report to Standard & Poor&#39s executive chief president Hendrik Kranenburg.


S&P Micropal managing director Mark Adorian and S&P Fund Research managing director Peter Jeffreys will report to Bragg.


Adorian will be responsible for sales, marketing and operations of the new unit and Jeffreys will oversee research activities.


Jeffreys says there are no immediate plans for either Micropal nor Fund Research to modify their analysis app- roaches but the two groups would be working much closer together.


Adorian says: “Historically, Fund Research were clients of Micropal, putting the qualitative overlay on the quantitative research, but now we will be one unit.”

Recommended

Cheltenham & Gloucester increase interest rates on its Isas

Cheltenham & Gloucester has increased the interest rates on its Cash and Tessa only Isas.The move sees the interest rate increase by 0.75 per cent to 6.25 per cent from 5.5 per cent.The rate change applies from May 8. It is guaranteed to be the same as the banks base rate until January 1, 2000.

Autif appoints new chairman

The Association of Unit Trusts and Investment Funds has appointed Alan Ainsworth as its new chairman.Ainsworth who is currently deputy chairman of Threadneedle Investment Services, takes up the position with immediate effect. He replaces Gartmore Fund Managers&#39 managing director Lewis McNaught.Autif has also announced the election of four new executive committee members, Hill Samuel, M&G, […]

Skipton ditches redemption lock-ins

Skipton Building Society is launching a range of mortgages with no redemption tie-ins.All loans will have one months&#39 interest penalty on repayment of the loan. There will be no penalty for part capital repayments.The range offers the choice of three loans, the base rate tracker which tracks the Bank of England base rate and offers […]

Skandia Life takes exhibition to Northern Ireland

Skandia Life is organising its first unit trust exhibition for IFAs in Northern Ireland.Nineteen of the UK&#39s top fund management companies will attend the exhibition at the Europa Hotel Belfast on Thursday 13 May.Investment brand manager Jo Gilbey says: &#34We have had a phenomenal interest from IFAs in Northern Ireland and a major exhibition featuring […]

Craig Inches – thoughts on how to preserve capital and generate income in an inflationary environment

In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment