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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PLSA to ask members to ‘scrap’ constitution
The PLSA is also proposing to create a single policy body to oversee its work Members of the Pensions and Lifetime Savings Association will be asked to scrap the trade body’s current constitution on Friday. Speaking at its annual conference in Manchester yesterday, PLSA chair Lesley Williams said the constitution, created 44 years ago, is […]
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Editor’s note: Closing the Cofunds circle
When the ambitious team at Cofunds gave birth to the platform in January 2001, even they could scarcely have imagined it would reach the gargantuan size it has. At last count, the newly integrated Aegon/Cofunds platform had more than £100bn in assets under management. That’s almost £30bn more than nearest rivals Fidelity and Hargreaves Lansdown. […]
DWP confirms it will lead pension dashboard project
However, it is believed legislation for the pensions dashboard will not be in place before the project is live Pensions minister Guy Opperman has put an end to speculation the Government will not continue work on the pensions dashboard by confirming the Department for Work and Pensions will lead the project. Writing in The Times, […]