Virgin Direct are promoting tracker funds when most industry commentators are emphasising the need for stockpickers in 2001. Virgin points out that in the three years following the 1990 and 1994 downturns, the market climbed by more than 25 per cent a year in most cases. Over both periods the majority of actively managed funds failed to keep up with the FTSE All Share Index. Virgin director Gordon Maw says: “History would suggest that the index has the ability to bounce back very strongly indeed following a year long correction. In those situations the odds are stacked in favour of tracker funds.”
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Chase Fleming – FF-Global Dynamic Fund
Friday, 12th January 2001.Type: Sicav.Aim: Growth by investing in world wide stocks.Minimum investment: Lump sum £2,000, monthly £50.Place of registration: Luxemburg.Investment split: Australia 1.3 per cent, Belgium 0.4 per cent, Canada 2.6 per cent, Denmark 0.4 per cent, Finland 1.3 per cent, France 5.4 per cent, Germany 3.6 per cent, Hong Kong 1.2 per cent, […]
IFAs must take lead role
The loss of polarisation is not actually the enormous problem for the IFA that the financial institutions would like it to be. For the IFA who is providing a proper caring and ongoing service for clients, the loss of polarisation is a minor hindrance. But the commercial background is quite unpleasant. The solution is easily […]
Equitable rethinks drawdown transfers
Equitable Life has confirmed it will allow all its income-drawdown policyholders to transfer their plans once new regulations come into force in April. There had been concerns that the company would prevent transfers of drawdown plans taken out before June 29, 2000. Providers, IFAs and Money Marketing were last week told by Equitable's technical services […]
MPs are ready for inquiry
A Parliamentary committee is expected to announce an inquiry into the Equitable Life debacle, including the role of the FSA. The Treasury select committee is set to announce the inquiry at its first hearing of the year next Tuesday. The committee has come under increasing pressure from MPs of all parties, consumer groups and industry […]
Rayner Spencer Mills: Why we rate the Artemis US Select Fund
Ken Rayner and Graham O¹Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio The Artemis US Select Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]
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FSCS to pay back 2,700 clients of collapsed DFM Beaufort
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Profile: Fiducia on really knowing your clients
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
FCA warns over advisers giving ‘inadequate information’ to DB transfer specialists
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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