Managed solutions

A number of financial advisers have yet to grasp the difference between risk-rated and risk-targeted funds, a survey of 700 practitioners suggests.

The majority of advisers expect to increase their use of managed solutions and model portfolios as a result of the Retail Distribution Review (RDR), according to research by Fidelity FundsNetwork.

Verbatim Asset Management, the whole of market portfolio management and financial planning arm of the SimplyBiz group, has launched a range of multi-asset passive portfolios called "Total Clarity".

FALLEN STAR?

The Bank for International Settlements (BIS) has warned spiking bond yields across the world threaten trillions of dollars in losses for investors and a fresh crisis for banks unless they are braced for the shock.

SECTOR REPORT

EMERGING EUROPE

MULTI-ASSET

Cazenove Capital's head of UK retail Rob Thorpe is to leave the firm imminently as Schroders concludes its takeover of the group.

Tineke Frikkee is to exit BNY Mellon and join Smith & Williamson Investment Management in July to run its UK Equity Income Trust.