Standard Life has launched Standard Life Wealth, a discretionary investment management service targeting clients with over £2m to invest. The bulk of the business is expected through IFAs but it will also service clients directly.
People could be wasting thousands of pounds on useless insurance, according to a new guide produced by Which?In its Money Saving Handbook published this month, Which? says although some types of insurance such as building and contents, life and car insurance are necessary, other types are often unnecessary and pay out in relatively few cases.The […]
Advisers and fund managers have welcomed the Investment Management Association’s changes to its UK equity income and UK bond and income sector definitions.Funds in the UK equity income sector must now reassess the way yield is calculated, with the aim to achieve in excess of 110 per cent of the distributable income of the FTSE […]
Parmenion Capital Partners is launching a small self-administered scheme with Premier Pension Services.Parmenion, which offers outsourced investment platform services, will provide discretionary investment management of the assets via its platform for the Consolidation Ssas while PPS will provide scheme admin.It says Ssass are still a viable product for many company directors, particularly in relation to […]
IFA network Virtual Net has added Berkeley Alexander to its general insurance panel taking the number of providers it has links to up to six.
We believe the most exciting stockmarket opportunities today are in those places where a new generation of leaders are successfully transforming economies and companies in favour of investors. In a new investment guide and website, which is suitable for use with your clients, we set out our views on these reformers. Click here to find […]
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Brewin Dolphin is cutting costs by up to 18 basis points on funds in its managed portfolio service as it introduces segregated mandates for core asset classes. Star fund managers including Neil Woodford and Nick Train are among the line-up to run segregated mandates in the manager-of-manager approach for four core asset classes. The MPS’s […]
Advisers have called into question claims made by the head of the Financial Ombudsman Service that the complaints adjudicator is “not a consumer champion”. Earlier this week, Caroline Wayman told a committee of MPs that the FOS’ job was not to “advance the cases of the individual” but to provide a “level playing field”. Wayman […]
The FCA has renewed its suspensions on discretionary fund manager Stargate Capital Management. The regulator first told Stargate it could not take on any new appointed representatives back in June. The FCA has also continued its ban on new investments into the firm’s FX Perpetual fund, an “absolute return systematic algorithmic FX trading strategy” and […]