Articles tagged: UK
  • September 2019Opinions & Features

    UK

    Premier Asset Management and the Miton Group have announced an all-share merger. The new firm, to be known as Premier Miton Group, will be two-thirds owned by Premier shareholders, with Miton shareholders holding the remainder. The merger is expected to go through in the fourth quarter.
  • September 2019Opinions & Features

    UK

    Lloyds Bank has announced plans to launch robo-advice for customers investing less than £100k (€110k) by the end of next year. The new service will also be available through its subsidiaries Halifax and Bank of Scotland.
  • September 2019Opinions & Features

    UK

    Although the Treasury has put plans in place for temporary permissions that will allow current Ucits to be marketed and sold in the UK for a period of up to three years, the permissions will not be granted automatically. Each Ucits fund must apply for permission prior to the (current) Brexit deadline of 31 October 2019. When these temporary permissions …
  • September 2019Opinions & Features

    UK

    Despite the industry’s dismal sales this year, there were a bumper 22 new fund launches in July, of which 14 were funds of funds. Eight of the products had sustainable investment objectives, some aimed at retail investors and others at institutions. Half of the launches were from smaller providers backed by ACDs.
  • September 2019Market Focus

    No-deal Brexit worries rattle investors

    July was another difficult month for the UK fund management industry with more money being withdrawn from funds. Investment Association (IA) statistics showed relatively modest withdrawals, driven by institutional investors. But Broadridge estimates, which cover a wider range of funds and managers, saw redemptions rising to more extreme levels – the fourth highest monthly outflows on record. In both cases, …
  • August 2019Opinions & Features

    UK

    Six new launches in June brought the number of products launched in the UK in the first half of 2019 to 87, according to Broadridge data. This was around ten fewer than for the same period last year. Equity and fund of fund products made up the majority of the launches this year, followed by mixed asset and bond funds.
  • August 2019Market Focus

    Retail investors show their mettle

    There were heavy outflows from UK funds in the first half according to Broadridge estimates but reasons to be more cheerful may be found in data reported to the UK fund managers trade organisation, the Investment Association (IA). This data, which shows investor type in more granularity, indicates positive net investment by retail investors in the second quarter. Broadridge figures …
  • August 2019Opinions & Features

    UK

    In its Financial Stability Report published in July, the Bank of England announced that it planned to carry out a review of potential liquidity mismatches in investment funds which it said could destabilise financial markets. Working with the Financial Conduct Authority, it said it will look into how funds redemption terms might be better aligned with the liquidity of …