axa changes management of talents funds
Axa Framlington has handed the Sicav Talents fund range to Mark Beveridge as its current manager has left the group.
Axa Framlington has handed the Sicav Talents fund range to Mark Beveridge as its current manager has left the group.
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Anja Balfour, former manager of the Axa Framlington Japan Fund has been appointed as non-executive director of the Martin Currie Pacific Trust.
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A survey among advisers found 87% of them are still to finalise their client propositions in the run-up to RDR.
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Cofunds has firmed up its unbundled pricing model which will see it list 1,700 clean share classes from 85 fund groups.
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Mixed-asset funds across Europe attracted 2.5bn of inflows in July, bringing year-to-date sales to 13.5bn, according to latest fund data from Morningstar.
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Martin Currie has appointed Phil Raby to drive intermediary sales in the north of England, Midlands and south west.
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Pioneer Investments has appointed Nicholas Pothier as a senior portfolio manager in its Dublin-based team.
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Threadneedle has announced plans for its RDR-ready share class to be launched in October, across 51 Oeics in its fund range.
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SWIP has poached Alan Bridges from UBS as its new investment director for UK rates.
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The FSA has stepped up its review of wealth manager businesses with an initiative to judge the suitability of client outcomes and direct assessment of firms systems and controls.
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New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
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With the majority of firms now ready or on schedule to comply with RDRs implementation in a few months, attention has turned to the next regulatory headache…
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