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The Daley Update

Edinburgh Fund Managers has appointed Mark Harris as the new head of investment management for its multi-manager business, Edinburgh Portfolio. Harris joins from HSBC Asset Management, where he has worked in the funds of funds business since 1995 and was responsible for around £600m of assets. He will take responsibility for Edinburgh Portfolio&#39s nine funds of funds.

NDF has launched a new income & growth plan offering a yield of 10.25 per cent a year over three years or capital growth of 34 per cent over the three-year term. The offer period runs until January 11 and the plan qualifies for Isa investments. Returns are linked to the Eurostoxx 50 and capital is guaranteed unless the index falls by more than 20 per cent over the life of the investment without recovering. The minimum investment is £10,000 or £7,000 for an Isa, with no explicit charges. Commission is 3 per cent.

VCT investors currently favour generalist funds over specialist or Aim trusts, according to new research from Downing Corporate Finance. Seventeen VCTs have launched or are set to be launched this winter – of which nine are generalist, four Aim, and four specialist. In the survey, 41 per cent favoured generalist VCTs, 35 per cent Aim, with 24 per cent voting for specialist.


PIA expels IFAs

The PIA has expelled IFAs Allied Anglo Financial Services of The Old House, White Heath, Ashford Road, Hollingbourne, Maidstone, Kent and Weybourne Financial Services of Weybourne House, 15 Aylesbury Road, Wendover, Buckinghamshire. The two firms are no longer authorised to conduct investment business they no longer meet the FSA&#39s financial resources requirements. Allied Anglo was […]

FSA should be sticking to its own business

As N2 dawns this week, the financial services industry will be breathing a sigh not of relief but of resignation. Four years on, the jury is still out on the regulator.On the credit side, it has improved the way it investigates advisers. It wants to simplify the disclosure regime so consu-mers understand it and is […]

IO Investors to target UK IFAs with fund duo

Manager-of-manager provider IO Investors is set to introduce two new unit trusts in April in to the UK IFA market.The South African firm launched in the UK this month under the new brand of IO Investors. Until now, it has run under the Gensec International Asset Management brand.The two new funds – the global balanced […]


There was much speculation before this year&#39s Pre-Budget Report as to likely areas of change. Few of the highly tipped areas materialised. There was still however an enormous weight of material to consider. All of this can be accessed through our Pre-Budget Report bulletin of yesterday giving access to Inland Revenue and HM Treasury publications […]


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