A month after taking over the Artemis UK Select Fund, Ed Legget explains a (subtle) change in style; and gives his outlook for 2016.
Jupiter assets hit £36bn as it readies fund launches
Jupiter Asset Management has reached £35.7bn in assets under management after seeing £2.1bn in net mutual fund inflows in 2015. The asset manager’s results for 2015, released today, show assets rose from £31.9bn at the end of 2014. The firm saw net inflows of £2.1bn to its mutual funds, up from £1.4bn in 2014. The […]
Intrinsic bids for Tenet as Aviva eyes mortgage arm
Old Mutual Wealth-owned network Intrinsic has made a “non-binding” offer for Tenet as part of a possible break-up of the business, Money Marketing understands. It is believed Aviva – which already owns a 47 per cent stake in Tenet – has also tabled a bid specifically focused on TenetLime, the network’s mortgage and protection business. The […]
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Rewriting the freedoms: Labour eyes regulation to strangle Osborne’s pension reforms
Jeremy Corbyn’s Labour party looks set to roll back key facets of the pension freedoms if it wins power in the 2020 general election. This week saw the long-awaited arrival of the Independent Review of Retirement Income from Cass Business School’s Professor David Blake, commissioned by former Labour shadow work and pensions secretary Rachel Reeves almost […]
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Off target: Pressure grows on FCA over advice due diligence scrutiny
The FCA is facing pressure to ramp up its efforts to investigate advisers’ due diligence processes after almost two years of work culminated in a report just six pages long. The regulator published the findings of a long-awaited thematic review last week which revealed concerns advisers may be failing to adequately perform checks on the platforms […]
The decumulation challenge: why pension reforms mean added risks – as well as opportunities
Income drawdown has become an attractive proposition. But adopting a ‘decumulation’ strategy also carries risks. What are the risks advisers need to be aware of? Read the decumulation challenge. Click here to read full article
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Mifid II: A year to celebrate?
Is this a birthday to be proud of for the investment industry? Since Mifid II came into force a year ago, industry figures have continued to debate whether it has fulfilled its goal of increasing transparency in the asset management industry. The objective of making financial markets “fair, transparent, efficient and integrated” is a sizeable […]
Keydata bosses receive final order to pay £78m in fines
The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]
Nick Train: ‘Today’s politics are horrible’
Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]