A range of low-cost auto-enrolment-style funds for retail investors, launched to fanfare last January, has lost its promoter amid rumours advisers have shunned the products because they serve lower value clients from ‘cradle-to-grave'.
The Architas BirthStar Target Date funds were a joint venture between fund managers AllianceBernstein and Architas as the authorised corporate director, both part of the Axa Group, and Birthstar, which...
Total funds on list rise from 26 to 58
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’