fsa issues guidance against structured product
The FSA has issued its final guidance on structured products, calling on providers to stress-test new products to ensure they are capable of delivering fair outcomes for investors.
News
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ignis strategic review reaps benefits
Ignis Asset Management reported net new business up 31% year-on-year to £1.7bn as AUM rose to £81.5bn.
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apcims drops global equities index
APCIMS is to drop the FTSE representative index it uses for global equities as part of an overhaul which could see further changes in the way it tracks bonds and alternatives.
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wh ireland benefits from osbornes
Private wealth manager WH Ireland announced a return to profit for the year to 30 November, thanking Chancellor George Osborne’s supportive EIS legislation for a growth in business.
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gibbs absolute return fund a good insurance
Philip Gibbs’ Jupiter Absolute Return Fund has been endorsed by Mick Gilligan, head of research at Killik & Co, who says his preservation of investors’ capital has been pleasing.
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ennett takes on sli higher income
Standard Life Investments (SLI) has changed the lead manager on its Higher Income Fund to David Ennett, as part of an internal restructure that will see Arthur Milson shifted to deputy manager.
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global equities head rogan to depart
Henderson’s head of global equities Neil Rogan is to leave the company, as former JPMorgan and Merrill man, Matthew Beesley, is appointed director and head of the same team.
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london boutique opens real return fund
Absolute return specialist RMG Wealth Management has unveiled a Real Return Fund, which aims to generate positive returns regardless of market conditions.
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advisers rdr-supportive but at threat
Almost three-quarters of financial advisers in the UK plan to offer full independent advice after RDR is implemented and more than 90% plan to remain active in the industry over the next five years, new research reveals.
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rebrand completes morningstar takeover
Morningstar and OBSR have affirmed their partnership with the rebrand of the latter’s research and consulting businesses to Morningstar OBSR.
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Three fund managers go in Aviva Investors shake-up
John Botham is the highest profile of three European equity fund managers to leave Aviva Investors following a recent review of its business.
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barclays loses wealth and capital
Barclays Wealth is to be phased out as a brand with all the banking group’s business units uniting under the single Barclays name.