View more on these topics

Way weighs up portfolio balancing strategy

The Way Group is diversifying its IFA product range with the launch of a portfolio management service.

The Way Tax-efficient PMS is effectively a discretionary asset management service wrapped around an offshore investment bond. The group says this will provide growth equivalent to the existing Way income plan.

After gauging individual investors’ attitude to risk, Way will then set up a bespoke portfolio comprising different weightings to three of Way’s multi-manager fund’s – global cautious, global total return and global red. Higher-risk profiles will get greater exposure to growth strategies over the shorter term while lower-risk profiles will have greater exposure to cautious strategies over the longer term.

If the portfolios perform well, they are rebalanced to bring the investment in line with its original aim. This means taking profits from higher-growth portfolios in rising markets or putting more money in higher-growth strategies when markets fall.

Way Group chairman Paul Wilcox says: “TPMS removes the need for investors to be overly concerned about volatility because the rebalancing process adjusts the portfolio to prevailing market conditions. This is for investors who want to benefit from equity returns without worrying that their portfolio might become overstretched in either direction, either too risky or too stodgy.”

Recommended

HSBC fund of fund range for IFAs

HSBC Investments has set up a multi-asset fund of funds range exclusively for IFAs.HSBC OpenFunds initially comprises two funds – global return and global distribution, as exclusively revealed by Money Marketing last month, and plans to add another two funds to the range.Global return focuses on growth while global distribution aims for income and growth. […]

Multi-manager fund use set to grow

Four out of five advisers recommend multi-manager funds and over two-thirds expect this to increase over time.Research from Fidelity which surveyed 163 advisers found that 82 per cent of advisers use multi-manager funds with 22 per cent using them for more than half of the business they do.Ninety per cent of advisers said they believed […]

A&L and HBOS back affordability over income multiples

Two of the UK’s biggest lenders have stressed the importance of using affordability calcu-lations rather than income multiples.Alliance & Leicester and HBOS have both stressed that affordability is a far more advanced method to assess whether a customer has the ability to repay.The comments come after Abbey said two weeks ago that it would lend […]

Retirement - thumbnail

A downhill stroll?

The Department for Work and Pensions (DWP) has recently published new research, which once again demonstrates how the prospect of retirement is changing for older workers.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com