News in brief w/c 22 August

Written by Adam Cadle

J.P. Morgan Asset Management has added 51 funds from Threadneedle Investments (Threadneedle) to enhance its direct to consumer offering via its WealthManager+ platform bringing the total number of third party funds available to investors to just over 600. Launched in 2009, the WealthManager+ platform offers a range of investments, products, information and planning tools to enable people to consolidate existing and future investments.

Scottish Life has made changes to UK Mid Cap Specialist and US Core Plus Pension Funds. From 14 November 2011 the underlying investment within the Scottish Life Mid Cap Specialist Pension Fund will change from Schroder UK Mid 250 to Franklin UK Mid Cap Fund. In addition, from the same date, the underlying investment within the Scottish Life US Core Plus Pension Fund will change from Investec American to Fidelity American.

Standard Life Investments has announced that its UK wholesale business has seen a net sales increase of 104% to a record £1,457 million during the first six months of 2011. This compares to £713 million of net sales in the first six months of 2010. The investment company also recorded the second highest net retail sales among all fund management groups in the UK during Q2 2011.

Invesco Perpetual, an independent investment management organisation will sponsor the 2nd annual Highland Adventure Race, in support of children’s charity, The Mitchemp Trust. The event will take place on the weekend of 23-25 September 2011 and up to 30 teams will take part from Invesco Perpetual and the intermediary community.

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