While the FSA is still to publish its final proposals about cash and unit rebates, chances are they will both be banned which will work against the idea of providing a fair charging system for investment advice.
Harry Nimmo’s Standard Life UK Smallers investment trust has outperformed its open-ended counterpart 76% of the time over the past five years, according to research from Alan Brierley, analyst at Canaccord Genuity.
Standard Life Investments (SLI) has beefed up its global fixed income team, with the hire of former Kames Capital bond fund manager Mark Kedar and Felix Freund from Union Investment in Frankfurt.
Standard Life Investments saw third party new business of £4.3bn last year, down 24% on 2010, while group assets under administration (AUA) increased by nearly £6bn.
Standard Life has expanded its MyFolio range with the launch of two new fund suites – Multi-Manager Income and Managed Income.
Andrew Milligan sees the risks of 2012 being similar to those of the previous 12 months although risk assets themselves are priced cheaply.
Harry Nimmo is to run the Standard Life Global Smaller Companies Fund that will launch early next year.
Shareholders of the Standard Life Managed Fund have voted overwhelmingly in favour of converting it into a Global Equity Income Fund, according to the firm.
