Newcob will replace the current suitability letter, including requirements to document the “most suitable” product, with a less prescriptive suitability report, giving firms more discretion over content.
JPMorgan Asset Management has brought out the JPM balanced total return fund, an Oeic which takes advantage of the greater flexibility allowed under Ucits III.
Clerical Medical will open the Clerical Medical Fidelity worldwide special situations fund to new business this week. The composite fund invests equally between Fidelity’s UK and global special situations funds.
Keydata Investment Services
Protected Portfolio Plan
Octopus Investment is aiming to raise up to £30m for the Octopus protected venture capital trust.
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]
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Royal Bank of Scotland has joined rivals like HSBC in launching an automated investment advice service for more than five million customers. The bank claims to be the first bank in the UK to launch a “fully regulated” robo-advice service, which will be under its NatWest brand. The service, live from Monday, is targeted at […]
There is nearly £8.5bn in “drifted” legacy UK equity income funds that have underperformed against the sector over the past decade, research has found. As the fund management industry awaits Mifid II next year, Morningstar has analysed the competitive UK Equity Income sector on behalf of Money Marketing and found about 10 per cent of the sector’s […]
Old Mutual Global Investors has appointed Freddie Woolfe head of responsible investment and stewardship, reporting into chief executive Richard Buxton. Woolfe joins from Newton Investment Management, where he was a responsible investment analyst primarily covering the healthcare and technology, media and telecommunications sectors. Previously he held roles at Hermes Equity Ownership Services and HSBC. Woolfe will […]