UK Buffettology Smaller Companies investment trust
‘Launched at very relevant time’
North American Equity fund
Premium listing would no longer be needed
Fund will employ income smoothing mechanism
'Sit tight' remains predominant message
Fund to close on 14 January
How Independent Financial Solutions invests clients' money
Financial services group True Potential is to enter the fund management market with the launch of its own 15-strong fund range, a senior partner has said.
What’s good for the goose…
Prudential has appointed Capita Financial Managers as authorised corporate director (ACD) for seven Prudential open ended investment company (OEIC) funds, holding the assets of 2,000 UK clients.
The number of advising staff working in financial advice firms fell 9% last year, according to figures put together for the Association of Professional Financial Advisers (APFA).
The Financial Services Authority (FSA) has expressed concerns that an increase in advised sales of investment bonds by life insurance companies may be a sign of a commission grab ahead of the implementation of the Retail Distribution Review (RDR).
FundsNetwork's decision to list investment trusts later this year stole a march on its rivals. But will others follow suit? Charlotte Richards finds out.
Fund providers are preparing for the RDR deadline at the end of the year by launching share classes without commission and platform fees.
Friends Life has inked a deal with FundsNetwork which will see the platform supply an ISA and fund range to retail customers within its heritage business.
Platform unbundling will no doubt make investment trusts more accessible - but the jury is still out on whether it will make them more popular.
Investment trusts have substantially outperformed unit trusts and OEICs over the past decade, according to research.