View more on these topics

Swip terminates contract on UK select trust

Swip has stepped down from management of the £30m UK select trust managed by head of UK equities Peter Cockburn.

The trust has been managed by Cockburn since 2004 and will continue to be managed by Swip for up to six months.

In a statement to the stock exchange, it says: “Scottish Widows Investment Partnership is to terminate the investment management agreement.”

It adds: “Swip has confirmed that it will continue to manage the company for the duration of the notice period, expiring on October 18, 2012, or such shorter period as Swip and the board may agree.”

Swip announced last week that it is making a net reduction of 23 roles out of its 38-strong investment team.

Recommended

10

Billy MacKay: We need a fundamental review of projection rates

Last week saw the publication of a PricewaterhouseCoopers report on the rates of return that should be used for FSA projections. The main recommendation, a drop in the intermediate rate of return from 7 per cent to 6 per cent, was almost universally welcomed as a sensible suggestion. While I will welcome any move on […]

Advisers back Swip switch away from active fund stance

Adviser firms have welcomed Scottish Widows Investment Partnership’s move away from equity active management after underperformance across many of its equity funds. Of Swip’s 16 pure equity funds, seven are third quartile, three are fourth quartile and three are second quartile over three years to the end of March, according to data from Morningstar. The […]

FSA reports of cloned firms tripled last year

The FSA says it received nearly three times as many reports about cloned firms in 2011 compared with the previous year. Cloned firms present themselves as genuine authorised firms or individuals but they are a separate company with no affiliation to the firm they are cloning. In 2011, the FSA got 449 reports about cloned […]

1

Mortgages for Business and Aldermore launch Keystone

Mortgages for Business and Aldermore Commercial Mortgages have launched Keystone Buy to Let Mortgages, a new buy-to-let mortgage funding line for professional property investors.    Mortgages for Business has teamed up with Aldermore Commercial Mortgages to develop an exclusive mortgage product range for professional landlords and property investors interested in securing both vanilla and complex […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com