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 […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
MPs have scrutinised Barclays over plans to attach its final salary pension scheme to the investment banking arm. Work and pensions committee chairman Frank Field has written to The Pensions Regulator chief executive Lesley Titcomb about 280,000 savers that would be affected by the move. The bank offered employees a final salary scheme until 2012 […]
I frequently get emails from my podcast listeners about how to become an adviser. I find it encouraging they are inspired by my evangelicalism about what we do and are considering joining our ranks. But when I start to reply to them, I find my heart sinking a little, because it is bloody hard to […]
The chair of the influential Treasury committee has criticised the Government’s failure to publish a paper on the future of financial services after Brexit as sending “all the wrong signals”. The Government had previously promised to publish “sector impact assessments”, which have been repeatedly delayed. Indeed, in November last year, Brexit minister David Davis admitted […]