Standard Life's mutual fund platform, Sigma, will offer 75 funds, 60 of which have an S&P research rating. The rated funds include nine from Jupiter, seven from Invesco Perpetual and five from Fidelity and DWS. Standard Life Investments has the most with 12 while Newton and Schroders have five and four respectively. The platform opens in April.
Michael Philips proprietor Michael Both does not welcome the introduction of the menu. He believes the depolarisation proposal itself is flawed and will cause consumers more confusion over whether they are speaking to a tied, independent or partially tied adviser. He thinks the new recommendations will only add to the confusion. Both says: “If the […]
Tilney is bringing its American growth fund onshore as part of its strategy to establish itself as a mutual fund provider in the UK retail market. The fund will be available as a sub-fund of Tilney's UK Oeic. It has been run since launch in 1996 by Nicholas Roe-Ely, supported by Jane Drake. Roe-Ely says […]
Consumers will quickly turn into astute financial services “connoisseurs” by 2008, forecasts a report from Mori Market Dynamics. Managing director Jon Francis says more education from sources such as media coverage, the internet, Government and product providers will substantially increase consumer knowledge in the next four years. Francis believes this will change the landscape of […]
London & Capital is listing its property fund to make it eligible for Sipp and Ssas investment. It says this is the first in a series of moves designed to increase London & Capital's UK onshore business significantly through IFAs and other intermediaries. The fund has seen a return of 14.75 per cent since its […]
Peter Saacke, Artemis’ CIO, suggests what may lie ahead and explains how volatility suits stockpickers.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]