Fidelity Worldwide Investment has appointed Hugh Mullan as its new head of FundsNetwork to replace David White who has left the company. Mullan will continue to also be head of Fidelity’s UK defined contribution and retail business. White has left Fidelity after 10 years and was most recently responsible for developing FundsNetwork’s unbundled
Read more →Financial Services Authority data based on figures supplied by product providers reveal an increase in advised sales of retail investment products that pay recurring trail commission ahead of the Retail Distribution Review, according to a statistical release issued today (31 August). While FSA data show an increase
Read more →The FSA has published a new guide to explain how advice is changing under the RDR which removes references to specialist advisers in its definitions of independent and restricted advice. The latest guide, “Financial Advice Changes 1-2-3”, provides more detail about the RDR requirements and follows on
Read more →The Financial Services Authority (FSA) has voiced concerns that adviser firms are not stress testing the new propositions they will launch in line with the retail distribution review (RDR). The FSA said advisers needed to examine the risks their firms and clients were subjected to because of
Read more →A great opinion piece from Jeff Prestridge in FTAdviser last week. We have snipped together many of the key themes, but would recommend readers view the full article (the relevant link is provided at the bottom of this post): “After much debate, argument and head scratching, the Retail
Read more →A nice bit of digital marketing from the team at Standard Life yesterday using twitter – that demonstrated an all important ability to actively engage with their social media following. Under their handle @sl_adviser they proposed the basic question: Which of these RDR (Retail Distribution Review) areas are you
Read more →The CEO of fund management group Jupiter has said the significant disruption facing platform business models in the run-up to implementation of the Retail Distribution Review (RDR) will lead to consolidation in the space. Speaking to Investment Week, Edward Bonham Carter said that, while increased pricing pressure on asset
Read more →These are some really interesting insights from a comprehensive article on Invesco Perpetual recently published by Fund Web: Perpetual was the original boutique. It started its life with a few, then unknown, managers in the restful surroundings of Henley-on-Thames. This proved the unlikely setting for the germination
Read more →Fund management Fidelity has launched an unbundled share class purely for its discretionary clients, insisting IFAs prefer to pay 1% for funds through platforms, a claim that has been disputed by other fund houses. The 0.75% ‘clean fee’ share class is to launch later this year on
Read more →Wells Fargo Asset Management is making a push into the UK retail market with the launch of six new funds expanding its stable of funds to 13. The asset manager, whose roots lie in the US, has launched an Emerging Markets Income and Growth fund, run by Anthony Cragg
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