Managed solutions

The Financial Services Authority (FSA) is warning advisers to ensure their in-house risk assessments are aligned with those of any discretionary fund managers (DFMs) they use.

The Investment Management Association (IMA) will rename the Absolute Return sector as the Targeted Absolute Return sector as it completes a long-awaited review of the space.

Henderson Global Investors saw underlying profits fall 8% last year as it struggled in a challenging sales environment and moved to streamline its business.

The On-Line Partnership Group, which owns the IN Partnership and Whitechurch networks, has signed a strategic partnership with London & Capital (L&C), making the discretionary's range of managed portfolios available to its 500 advisers.

Neil Woodford, manager of Invesco Perpetual's £20bn Income fund range, has become more cautious on UK equities after a strong six-month showing from the FTSE 100.

Skandia has announced the full list of funds which will make up its Select range, following months of negotiations with fund groups.

Fresh concerns among advisers about how the Financial Services Authority (FSA) may view their tactical asset allocation calls are helping to drive the growth of discretionary fund managers (DFMs), according to Ascentric chief executive, Hugo Thorman....

FIVE THINGS

OUTSOURCING

Caspar Rock, chief investment officer at Architas, has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.