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News Archive

 

UT & OEIC news

Skandia brings passive funds to the retail sector By Fund Strategy  29-Jun-2009
Skandia has brought two passively managed funds to the retail market.

Fundamental brings corporate bond fund onshore, looks to launch energy fund By Leonora Walters,Reporter  23-Jun-2009
Fundamental Asset Management has launched an onshore version of its corporate bond fund which is available to retail investors.

Manager focus: Alan Nesbit By Fund Strategy  19-Jun-2009
Investing in emerging markets means looking for ways to capture faster growth and powerful demographics, says Alan Nesbit, the deputy head of First State's global emerging markets team.

Investment trust news

Monks to cut bonds despite achieving 62.2% divi rise By Leonora Walters,Reporter  02-Jul-2009
Despite profiting from its bond holdings over the year to 30 April, meaning Monks Investment Trust is raising its dividend by 62.2 per cent, the global growth trust has reduced its exposure to bonds to stick to its capital growth mandate following a steep decline in NAV.

Private equity problems not over despite rally, say managers By Leonora Walters,Reporter  02-Jul-2009
Although share prices have bounced on a number of private equity investment trusts fund of funds managers point out that the overall sector is by no means in the clear.

Two funds join LSE's specialist market By Leonora Walters,Reporter  30-Jun-2009
Two more funds have listed on London Stock Exchange’s Specialist Fund Market.

Pension Fund news

Pensions auto-enrolment could lead to 200,000 job losses By Money Marketing  03-Jul-2009
Auto-enrolment into pension schemes could result in 200,000 job losses, a study by the University of Warwick has found.

TPAS voices Sipp suitability concerns By Money Marketing  02-Jul-2009
After numerous probes by the FSA, The Pensions Advisory Service is now flagging up issues regarding the suitability of advice around self-invested personal pensions.

Aegon sets up direct annuity firm By Money Marketing  02-Jul-2009
Aegon has set up a new company to sell annuities directly to consumers.

Insurance Fund news

Manager focus: Peter Göbel By Fund Strategy  18-May-2009
The first investments of a fund are crucial for long-term performance, says Peter Göbel, the manager of the newly launched Nucleus Assurance fund 1.

MetLife launches investment bond By Fund Strategy  14-Jan-2009
MetLife Europe is launching a Guaranteed Investment Bond that offers capital, withdrawal and death benefit guarantees.

Resolution hires ex-FSA chief Tiner in consolidation drive By Money Marketing  09-Sep-2008
Resolution founder Clive Cowdery will remain in charge of strategy and transactions, but Tiner joins as chief executive along with former HBOS chief finance director Phil Hodkinson who joins as director.

Offshore news

Manager focus: Scott McGlashan By Fund Strategy  03-Jul-2009
While the problems for the Japanese economy are certainly not over, the world could be surprised by a quicker-than-expected recovery, says Scott McGlashan, the senior manager of the JO Hambro Capital Management Japan fund.

Guernsey fund first to invest in UK litigation By Fund Strategy  29-Jun-2009
Fund Strategy has learnt of plans to launch a Guernsey-domiciled closed-ended fund later this year, which will be the first publicly listed fund to invest in British litigation cases.

Deutsche Bank launches ETF-invested funds By Fund Strategy  24-Jun-2009
Deutsche Bank has launched a range of vehicles that invest in Exchange Traded Funds (ETFs) of different asset classes.

Structured product news

SocGen extends London-listed certificates range By SRPAdviser.com  03-Jul-2009
Société Générale (SocGen) has extended its range of certificates with the launch of its first London Stock Exchange-listed products linked to the dividend yields of the FTSE100 and the DJ Eurostoxx50 indices. The four

MSS Investments enters UK market By SRPAdviser.com  02-Jul-2009
MSS Investments has released Safety First Balanced Recovery Plan, its first structured product in the UK market.

UK regulator to beef up SP expertise By SRPAdviser.com  30-Jun-2009
The UK Financial Services Authority (FSA) has confirmed plans to hire top-level professionals in complex financial instruments such as derivatives, collateralised debt obligations and other structured products to strengthen its supervisory team.

General news

F&C completes de-merger By Fund Strategy  03-Jul-2009
F&C Asset Management has completed the de-merger from Friends Provident, which distributed its controlling stake in F&C to its shareholders today.

Jubilee launches enhanced FTSE 100 product By Fund Strategy  02-Jul-2009
Jubilee Financial Products launched a new structured project today offering enhanced returns on the FTSE 100.

RLAM renames Himsworth-managed fund By Fund Strategy  01-Jul-2009
Royal London Asset Management (RLAM) has renamed its UK Strategic Growth Trust to UK Mid-Cap Growth Trust to more accurately reflect its investment objective.

Fund manager moves news

Martin Currie places co-manager on Global and Global Alpha funds By Fund Strategy  02-Jul-2009
Martin Currie has promoted Alan Porter to co-manager of the group's Global and Global Alpha funds.

Ellis takes lead on strategic review By Fund Strategy  01-Jul-2009
Simon Ellis, the former managing director of Fidelity's multi-manager business, has been appointed to conduct an independent strategic review of the future of the Financial Services Skills Council (FSSC).

Liontrust plans European value fund By Fund Strategy  29-Jun-2009
Liontrust is planning to launch a European value fund for Ross Hollyman when he joins the group from GAM in January 2010.

IFA news

Skandia International launches adviser tax resources By Barney Hatt,Reporter  12-Dec-2008
Skandia International has launched a series of technical documents designed to help financial advisers provide tax advice to international clients.

BNP Paribas targets IFAs By Barney Hatt,Reporter  18-Nov-2008
BNP Paribas has announced it is making a "strategic push" into the UK IFA market by launching a range of products and services.

Cofunds boosts intermediary sales team By Leonora Walters,Reporter  07-Oct-2008
Investment platform Cofunds has appointed three account managers and two sales consultants to its intermediary support team.

Educational news

Parmenion service to offer model portfolios By Fund Strategy  29-Sep-2008
Parmenion Capital Partners has launched an in-house discretionary investment management service.

ifs to offer chartered level accreditation By IFA Online  02-Nov-2007
The ifs School of Finance is now able to offer chartered level accreditation after being granted approval by the Privy Council. Ifs says attaining its chartered status is the 'pinnacle' of a member's career and can only be obtained by those who

Schools given £11.5m to teach finance By IFA Online  07-Sep-2007
Government plans to teach financial education in schools took a step closer to becoming reality today after The Treasury announced a cash injection of £11.5m into the scheme. The money, which will be used to teach children "how to open a bank

Market news

World Bank glum on global economy By Fund Strategy  23-Jun-2009
The latest World Bank analysis of the global economy dashes hopes of a global rebound any time soon.

Skandia rejigs Global Dynamic Equity weightings By Fund Strategy  18-Jun-2009
Skandia Investment Group (SIG) has altered the asset allocation of its Global Dynamic Equity fund.

Armstrong Investment Management comes to market By Fund Strategy  16-Jun-2009
Patrick Armstrong and Ana Cukic Armstrong, formerly co-heads of Insight's multi-asset desk, have launched their own firm.

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