IFAonline - RealAdviser's sister website - was recently named the PPA interactive business and professional magazine of the year. Judges of the Periodical Publishers Association Awards 2005 said they were impressed with the team's efforts to make the site fully interactive and "more than a B2B website", particularly with the creation of the Coffee Lounge.
Scottish Equitable has launched a service to help advisers determine if a client's with-profits bond is in a healthy condition and still their best option. It provides an up-to-date report on the with-profits market and a tailored report on each client's with-profits policy.
Artemis is to launch a Strategic Bond fund for former Isis/F&C bond manager James Foster. Although the firm is releasing no details of the fund at this time, it is expected to be a unit trust launched under Ucits III rules. Artemis is running a series of intermediary roadshows in May and aims to launch the product this quarter. Foster, who had been on a break from the industry, started at Artemis this month. The adviser roadshows begin in Edinburgh on 9 May and end in Belfast on 27 May. Contact: telephone 0800 092 2090 or email [email protected]
Winterthur Life has announced its new national roadshow for 2005 entitled 'A Combined Force - working as one'. Running throughout May and June, the roadshows are designed to help advisers use changes in the industry to their advantage. It will look at those changes and present clear strategies for achieving profitable growth. The event will tackle issues arising from developments like depolarisation and A-Day. The roadshow starts on 10 May in Belfast at the Hilton Hotel and culminates on 17 June in London at the Gibson Hall.
Fidelity Investment's FundsNetwork has announced details of the next adviser investment forum, the FNW Masters 2005, which is being held at Rudding Park, Harrogate on Wednesday 25 May 2005. The four speakers at the Forums will be Mark Tyndall of Artemis, George Luckcraft of Framlington, Stephen Snowden of Old Mutual and Theodora Zemek of New Star.
FundsNetwork is offering improved portfolio management support for advisers by making online switching between funds on the platform easier. Some of the changes to online fund switching include allowing IFAs to switch out of a fund held across many accounts, including ISA and SIPPs, in one step. IFAs can also place one-to-many switches - selling one fund and buying five, also in one step. The platform now has nearly 295,000 investors.
SG Asset Management has boosted its UK equity management team with the appointment of David Benson as an analyst and UK equity product specialist. He will report to Hugh Sergeant, head of UK equities. Benson joined SG Asset Management on 20 April from Deutsche Asset Management, where he was director of UK Institutional business development. Prior to Deutsche, Benson spent four years at McKinsey and Company and eight years as an equity fund manager at UBS Asset Management.
Mark Westwood has quit Legg Mason Investments to join Morley Fund Management. Westwood, who ran Legg Mason UK Equity, UK Income and UK Opportunities funds, will become a UK Equity fund manager for Morley, as part of its core team, and will also manage part of Norwich Union's life funds. Westwood, who started his career at Johnson Fry as assistant manager on its UK Equity fund, will report to Lloyd Whitworth, head of Morley's core UK equity team.
OBSR has now assigned ratings to all the funds in the Gartmore MultiManager range. The rating agency recently awarded the group's Global High Alpha Strategy and UK High Alpha Strategy Funds an 'A' rating. Bambos Hambi, Head of MultiManager said: "Advisors now have a large choice of MultiManagers, so we are pleased that OSBR's research has led to all our funds being rated. We believe that IFAs will increasingly use such detailed research to make their MultiManager decisions." Gartmore is currently offering 4% commission with 1% client discount on the initial charge for lump sum investments in all five of its MultiManager funds until 30 September 2005.
T. Bailey's Growth and Equity Income funds have been added to Cofunds. The Growth fund, which has a five-star Standard & Poor's rating, was launched in December 1999 and has a current fund size of £97.5m. The Equity Income fund was launched in November 2004 and is now £2.8m in size. Both funds are run by Richard Martin and Jason Britton.
M&G Managed Growth has won first place over one year in the Standard and Poor's UK Fund Awards 2005. Manager Graham French invests in a range of M&G core equity funds. The largest holding in the fund is French's other fund - M&G Global Basics. M&G Recovery and M&G International Growth are also large holdings. The UK makes up 45.6% of the fund. The funds performance is also illustrated by the 39 Standard and Poor's stars the M&G Managed Growth Fund and the 12 underlying funds within it, have been awarded.
Scottish Life, the pension arm of the Royal London Group, has announced the extension of its Financial Adviser's Fee (FAF). The move is part of a general restructuring of commission options for its Retirement Solutions range of company-based pension arrangements. The FAF provides the transparency of a fee-based approach, the tax efficiency for pension sales and initial and ongoing commission payments from the product.
Clerical Medical has released the key terms for the second tranche of its Secure Investment Plan (SIP). Targeting clients looking for growth potential and security, the plan offers advisers a participation rate of 110% percentage growth in the FTSE 100 over the full investment term of five and a half years. The second tranche is now open to investors for an eight-week period, running from 18 April to 10 June 2005.
Skandia Investment Management Limited (SIML) has appointed of Mike Smith as head of investment sales - offshore. Smith will be responsible for the sale of SIML's investment products to intermediaries in overseas markets and will work closely with Royal Skandia. Smith previously worked for Gartmore as head of UK retail distribution.
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