Threadneedle is reducing its GDP growth forecast for 1999 on the basis of a series of profits warnings from a wide range of companies.
It says predicting that interest rates will fall rapidly next year.
Threadneedle's European portfolios are increasing their exposure to domestic growth stocks and minimising exposure to companies sensitive to global economic activity.
Mercury Life is launching a fund for people in phased retirement or income drawdown schemes designed to win £25m of business.The Mercury Life Pension Protector Fund will invest a minimum of 92 per cent in long-dated gilts with the balance invested in options which will outperform gilts and equities.Mercury Life retail director Roderic Rennison says […]
Divorced couples could receive 30 per cent more money if they sell rather than surrender their with-profits endowment policies, according to a research report by Neville James.Neville James chief executive Morris Bisdee says: "Largely through ignorance, two-thirds of all policies taken out in the UK never see the end of their terms. By selling these […]
Hill Samuel Asset Management has extended its offer of a 3.5 per cent initial commission on the Complete Investment Account until December 31.The CIA is a tax efficient investment that offers maximum use of clients' annual £6,800 capital gains tax allowance with no CGT liabilities for switches within the trust.
Gartmore is to take advantage of the Government's stamp duty exemption period to streamline its retail unit trust range.Gartmore was bought by NatWest in April 1996 and plans to amalgamate certain funds, re-name others, introduce accumulation units and standardise the charging structure.The proposals will reduce the number of retail unit trusts from 35 to 28 […]
Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
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True Potential’s discretionary portfolios have attracted £2bn in the past year, with inflows up 200 per cent. The firm has announced that the 10-strong suite of funds are currently seeing daily inflows of £10m, with the range now holding £3bn in assets under management. The figures have been released as model portfolios come under the […]
Aviva Investors multi-asset senior fund manager Nick Samouilhan is to leave the firm after seven years “to pursue other opportunities” within the industry. Samouilhan, who manages Aviva’s risk-targeted multi-asset funds and co-manages its £2.4bn Multi Strategy Target Income fund, will be replaced by Gavin Counsell, who currently manages a number of other multi-asset funds for […]
Lender acknowledges “valuable support” of intermediaries
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