News in brief: Orbis/Standard Life, Key Partnerships, Nomura
10 October 2019
Orbis funds added to the Standard Life platform
The Orbis OEIC Global Equity fund and the Orbis OEIC Global Balanced fund have now been added to the Standard Life Wrap platform. Orbis said its growing presence on distribution platforms highlighted its long-term commitment to serving UK retail and intermediary clients.
Dan Brocklebank, head of Orbis Investments in the UK (pictured), said: “We are delighted to be working with Standard Life, and by the growing interest that advisers have shown in the Orbis funds over the past four years.
In the past year, Orbis added its funds to four platforms: Nucleus, Zurich, Hubwise and now Standard Life Wrap, bringing the total number of platforms through which the funds can be accessed to 17.
Orbis is one of the only fund managers in the UK to operate a refundable results-related fee; clients pay no ongoing charges and during periods of underperformance, performance fees are refunded.
(See article on Orbis in Professional Paraplanner March 2019 pages 18-19)
Key Partnerships in deal with domiciliary care provider Bluebird Care
Key Partnerships, the equity release referral service, has announced an exclusive collaboration with national domiciliary care provider Bluebird Care, which delivers over 20,000 customer visits each day. With many people preferring care to take place in their own home – either in current property or in a more manageable property – with carers coming in to help, the deal Bluebird’s care providers will be able to call on Key Partnerships to explore how equity release might help or whether clients are using all the benefits available and if other later life lending options might be a better fit.
Nomura launches Alternative Alpha Fund
Nomura Asset Management U.K. Ltd. (NAM UK) has announced the launch of an Alternative Alpha Fund, which seeks to provide investors access to returns uncorrelated to major asset classes, targeting a return of 10% per annum with an average volatility of below 10%. It will do so using a combination of derivative and volatility sub-strategies. The portfolio will primarily make use of listed options and futures across the major equity and volatility indices, as well as bond futures.
The Ireland-domiciled UCITS fund is managed from Tokyo by Senior Portfolio Manager David Latto and his team.
ATEB Consulting’s Steve Bailey looks at how the FCA’s view of suitability and what that means in practice for...
Paraplanners who have been furloughed and are concerned that their company will not have a job for them should...
The Supreme Court has ruled that a pension transfer made in ill health should not be subject to inheritance...