UK IFAs facing advice suitability review in 2019
The Financial Conduct Authority has outlined plans to re-assess the suitability of retail investment advice in 2019, according to its latest annual report.
Investment
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Duration outperforms despite rate hike concerns
Long duration funds outperformed in the second quarter of 2018, despite investors’ ongoing concerns around interest rates.
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Global plastics purge to hit oil investors
Ecowarriors could have double the reason to celebrate the global push to eradicate plastics after Legal & General Investment Management highlighted the negative impact lower demand will have on the oil and petrochemical sectors.
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Standard Life Investments’ mega fund hits back at ‘sniping’
Standard Life Investment’s Global Absolute Return Strategy (Gars) has admitted prepping too early for the end of the cycle and vented about the level of media attention on its multi-billion pound outflows.
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Income portfolios jump up the risk spectrum
Intermediaries are being urged to focus on total returns as the low-yield environment pushes income portfolios into higher risk categories.
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Trade war fears prompt equities cull
Fund managers have slashed their global equity allocations to the lowest level since November 2016, spooked by fears of a trade war.
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Carrick targets ultra-wealthy with family office launch
South Africa advisory firm Carrick Wealth has set up a family office to cater to the “unique needs” of ultra-high net worth individuals (UHNWIs).
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Model portfolio risk labels ‘dangerously naive’
The UK’s Financial Conduct Authority has taken aim at risk-targeted model portfolios in its platforms study, which has sparked calls for platform providers to re-evaluate “subjective” branding and the amount of information they disclose.
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Royal London AM targets IFAs and 5% with income bond fund
Looking to exploit the inefficiencies inherent in credit markets, Royal London Asset Management will launch a monthly income bond fund later this year aimed at advisers and targeting an income of 5%.
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Blackrock and Schroders frontrunners for £109bn Lloyds mandate
Asset managers Blackrock and Schroders are the rumoured frontrunners to oversee £109bn ($144.3bn, €123.5bn) for Lloyd’s Banking Group (LBG), after its contract with Standard Life Aberdeen was terminated earlier this year.
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DFMs face safe haven dilemma on US trade war
Discretionary fund managers say asset classes rather than geographies will be the best source of safety if the US unleashes a full-blown trade war as Bank of England simulations show the geographic scope of rising tariffs.
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Taking a hedge fund mentality to online wealth management
Negativity around robo and investment technology a few years ago prompted former hedge fund executives Ian Cadby and Jonathan Wauton to get into the online wealth management space, culminating in the launch of platform Tiller on Monday.