Sanlam Investment Holdings (SI) has acquired the remaining 50% shareholding in index fund manager Satrix Managers as it looks to expand its ETF offering to the UK marketplace.
The FSA has flagged up a number of consumer risks associated with exchange traded products (ETPs) in a fact sheet published today.
Cofunds has reported a 10% dip in profits for last year, citing investment in retail distribution review (RDR) readiness as the reason for the drop.
Standard Life has appointed Vanguard Asset Management to manage its range of 15 tracker funds.
Fidelity FundsNetwork has become the first supermarket to launch an unbundled pricing model.
The regulatory body for the European Union has proposed stricter disclosure requirements on providers of exchange traded funds (ETFs), but has backed away from imposing more radical reforms on the sector.
Derek Bradley, CEO of PanaceaIFA.com, laments the FSA’s decision not to pre-approve financial products.