Adviser platforms clinging to ‘old world inefficiency’
Most advised platforms are relying on “inefficient” and “old school” processes and are a long way off from a fully digitalised service, a new study by the Lang Cat has shown.
Product News
-
-
Heartwood adds lower-risk options to sustainable range
Heartwood Investment Management has added two lower-risk strategies to its sustainable multi-asset range.
-
Blackrock Throgmorton expands investment universe
Blackrock Throgmorton shareholders have voted for an expanded investment universe, which includes more Aim-listed companies plus small-cap opportunities in Europe.
-
Old Mutual fund on course to become costliest UK tracker
An Old Mutual fund is on course to become the UK’s dearest tracker as Aberdeen Standard Investments hints it will shake up Virgin Money’s costly rival product and Columbia Threadneedle shuts its FTSE All Share index fund.
-
Woodford defends fund dumped from income sector
Neil Woodford has defended his UK Equity Income fund’s strategy, saying it remains in the best interests of investors despite being kicked out of the Investment Association’s UK Equity Income sector.
-
Pictet launches bond fund to outperform absolute return
Pictet Asset Management has launched an unconstrained fixed income fund targeting up to 8% returns over cash.
-
Discretionary drives 75% boost on Standard Life platform
Standard Life has reported a 75% increase in assets under administration (AUA) on its adviser platform driven by strong demand for discretionary portfolios.
-
Baillie Gifford US trust fundraise short of target
Baillie Gifford has raised £173m for its US Growth Trust, it announced today, falling short of the £250m it set as a target.
-
Cheapest ETF in Europe launches
Lyxor Asset Management is launching the cheapest ETF in Europe this week, bringing prices in the UK and the Continent in line with US products.
-
Virgin tracker with 1% fee dominates Aberdeen Standard deal
Three-quarters of the assets Aberdeen Standard Investments will be managing for Virgin Money sit in the UK’s costliest tracker.
-
Hargreaves £15m tax case win over HMRC
Hargreaves Lansdown has won a tax tribunal appeal against HM Revenue & Customs that will see around 150,000 investors receive a £15m rebate.
-
Findlay Park sheds Latam fund to focus on US strategy
Findlay Park has announced it is shedding its $475m Latin American fund to focus on its flagship $11.5bn American fund.
