Lipper, the Reuters fund information supplier subsidiary, has won the tender to provide the ABI with data to beef up monitoring of investment classifications for life and pension funds.
From 1 January, Lipper will collect full holdings and allocation data for all life and pension portfolios every month. Lipper already provides the ABI with a survey-based monitoring service, where fund management companies respond to a questionnaire. The new service will include providing more detailed analysis of the existing categories covered, as well as full analysis of sectors previously not included. Brian Harvey, Head of UK Research at Lipper, says: “Classifications are part of the bedrock of fund investment advice and funds of all kinds are coming under much closer scrutiny...
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