Fixed Income

THE LAGGERS

In the latest Big Debate, our panelists from Legg Mason Global Asset Management, S&P Capital IQ and TwentyFour Asset Management discussed Fixed Income.

ECB president Mario Draghi has outlined details of a plan to buy unlimited amounts of eurozone nations' short-dated debt in an effort to stem the eurozone crisis.

RISK RATE RUSH

Scottish Widows Investment Partnership has hired BlackRock's Calum Smith to the newly-created role of head of global aggregate in its fixed income team.

Schroders is to launch a Global Macro Bond fund for Bob Jolly, a long/short fixed income vehicle targeting a yield of LIBOR plus 8%.

FIVE THINGS

The Financial Services Authority (FSA) has expressed concerns that an increase in advised sales of investment bonds by life insurance companies may be a sign of a commission grab ahead of the implementation of the Retail Distribution Review (RDR).

Scottish Widows will not facilitate adviser charging on its Retail Distribution Review (RDR)-compliant onshore investment bond because of the potential tax detriment.

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