Advisers leaning in strongly on allocations to multi-asset solutions
In a survey conducted in Q4 last year, Royal London Asset Management (RLAM) revealed that multi-asset funds and solutions are going to be a key choice for increasing exposure for the vast majority of advisers.
Multi-asset came ahead of sustainable investment, equities, and their alternatives, which were the other popular choices.
FCA outlines post-Brexit plans for UK asset management sector
In a wider regulatory effort to shape the UK funds industry, the FCA is looking to improve fund firms’ engagement with investors through better use of technology.
The outlined ideas include creating a common framework of rules for asset managers, and proposing an overhaul of the
Collective Investment in Transferable Securities (UCITS) regime.
This focuses on removing or modifying prescriptive requirements in the retail fund rules and changing the liquidity guidance.
The regulator is seeking the views of funds, investors, and other stakeholders on how the existing standards can be enhanced, and where the priorities should ultimately lie. Comments should be submitted by 23rd May 2023, which can be followed up with a consultation paper.
Ex-Novia execs launch UK platform with Swedish wealth giant
Swedish wealth giant Söderberg & Partners, the leading investment manager in Scandinavia, has enlisted the co-founder and former Novia CEO, Bill Vasilieff, and former Novia COO Nick Raine to help launch a ‘toolbox’ platform for UK advisers.
The investment manager is currently in advanced discussions with around 20 UK advice firms, and aims to partner with 500 to 1,000 UK advisers within the next five years.
The new proposition will offer both capital and technology opportunities to help IFAs grow their business. It will also support the management of these firms to ensure they are properly financed.