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News

Economics / Markets

AWD urges managers to cut underperforming active funds

Investment companies should look to reduce the number of active funds they offer, according to AWD Chase De Vere following in-house research showing underperfomance in all but one key sector.

clock 14 January 2013 •

Structured Products

New row over structured product returns

A study suggesting investors are being misled on the returns they can expect from structured deposits has sparked a new dispute over the products' merits.

clock 14 January 2013 •

Your profession

Former Aegon distribution chief Gale joins Defaqto

Former head of Aegon distribution Patrick Gale has joined research firm Defaqto as executive chairman, after announcing his departure last week.

clock 14 January 2013 •

Your profession

Ashcourt Rowan poaches Generali chief to expand fund business

David Palmer has joined Ashcourt Rowan as a business director within the wealth manager's asset management arm.

clock 14 January 2013 •

Your profession

CII unveils QCF Level 4 securities qualification

The Chartered Institute of Insurance (CII) has launched a Certificate in Securities Advice and Dealing for advisers wanting to specialise in the area.

clock 14 January 2013 •

Investment

Cameron denies state pension reform will kill off final salary

Prime Minister David Cameron has denied the end of contracting out of the state second pension will create a wave of further closures of final salary pension schemes.

clock 14 January 2013 •

Offshore Investment

AIC warns more products could be caught by UCIS ban

The Association of Investment Companies (AIC) has warned offshore investment trusts and UK REITs could be under threat from Financial Services Authority (FSA) proposals to ban promotions of unregulated collective investment schemes (UCIS) to ordinary...

clock 14 January 2013 •

Multi-manager

Aviva launches RDR-ready share classes for range of funds

Aviva Investors has introduced Retail Distribution Review (RDR)-ready share classes for a range of its most popular funds to cater for the needs of UK advisers and intermediaries.

clock 14 January 2013 •

Investment

FTSE sees best start to a year since 1999

The FTSE 100 has had the best start to a year since 1999 as investors pour billions back into global equities.

clock 14 January 2013 •

Managed solutions

Mercer's O'Connor to join Henderson multi-asset team

Mercer's Paul O'Connor is to join Henderson as a director on its multi-asset team. He will be involved in the management of an institutional strategy called Diversified Growth when he assumes his role at the firm on 28 January.

clock 14 January 2013 •
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