Jupiter is treating advisers to enhanced commission on all four of its Merlin Portfolios until 31 October 2006. Traditionally set at 3%, the hike allows advisers to earn as much as 4.25% on all lump sum investments and transfers into the funds. Jupiter is also offering the terms on another eight funds within its range, including European Special Situations, Emerging European Opportunities, Income, High Income, UK Growth and Global Growth.
The Way Group is to run a series of Inheritance tax (IHT) roadshows in October and November for advisers across the UK. The group, which currently operates nine IHT schemes, will be visiting Southampton, Cardiff, Bristol, Esher, London, Maidstone, Chelmsford, Newmarket, Preston, Liverpool, Manchester, Leicester, Exeter and Belfast. For more details, call 01202 890895.
Axa Framlington has added to its UK equities desk with Jamie Hooper, who has spent the past four years as director of UK equities at F&C Asset Management, set to join the group in late November. Elsewhere, Neptune Investment Management has hired former Schroder manager Jeremy Smith to run its £13.4m UK Equity fund and the £27.4m UK Equity mandate. Finally, Robert Jeffree has joined New Star's fund of funds team from Principal Investment Management, where he was a managed funds analyst.
The ifs School of Finance, until recently the Institute of Financial Services, has joined with Absolutely Training to launch an online tool dealing with the idea of Treating Customers Fairly (TCF). The Competence Maintenance Tool (CMT), available from November 2006, will help tackle the application of TCF once it enters the market next April. It will focus on numerous areas of TCF, such as communicating with clients, feedback handling and general insurance. For more details, visit www.ifslearning.com.
Friends Provident has appointed Paul Niven to manage the group's new Cautious Managed vehicle, which has been added to its pension platform. Niven, head of asset allocation for the group's investment arm F&C, also oversees the group's Balanced and Managed Distribution portfolios as well as two tracker vehicles. The Cautious Managed fund has an equal split between equities (UK and overseas) and fixed interest and there is also a small allocation to property and cash.
Fidelity has bolstered its multi-manager team with the appointment of Phil Morse as business development director. Morse joins from Gartmore, where he was a multi-manager product specialist. Elsewhere Nucleus Financial Group has completed its team of board members with the appointment of corporate governance expert Robert Owen as an independent non-executive director.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation