The multi-manager protected profit fund will invest in Cazenove UK growth and income, Newton higher income, DWS American growth, Gartmore European selected opportunities and BGI’s liquidity first cash fund. Equity exposure is capped at 70 per cent.
I was once quoted as saying that multi-manager was a solution for lazy IFAs. Multi-manager propositions start with the premise that IFAs cannot select decent funds for themselves or cannot be bothered.
Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]
The total sum of missing pension savings has been estimated to be worth nearly £20bn in research carried out for the Association of British Insurers. The Pensions Policy Institute surveyed firms representing about 50 per cent of the private defined contribution pensions market and finds there are 800,000 lost pensions worth an estimated £9.7bn. It […]
Fundsmith has raised more than £800m for the launch of its new investment trust, Smithson. Trading for the new vehicle overseen by star manager Terry Smith, who put £25m of his own cash into the project, is expected to go live on Friday. Fundsmith plans to target smaller and mid cap opportunities with the investment trust, […]
The acquisition of fellow wealth manager Speirs & Jeffrey has helped boost assets under management at Rathbones by £6bn, the firm’s latest results show. Rathbones’ funds at the end of the third quarter stood at £47.3bn after bolting on £6.7bn from the merger. Without the acquisition, Rathbones says it would have reported a 1.8 per cent […]