Record income payment for VT Chelsea Managed Monthly Income fund
20 August 2024 - The VT Chelsea Managed Monthly Income fund was launched in June 2017 and has provided investors with a stable monthly distribution, which has grown over time.
Latest news
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Chelsea’s mini-manifesto to boost Britain's markets
29 May 2024 — In the last decade, the UK’s economy and its stock market have been tarnished by a faltering economy and volatile politics. The economy has lost £140bn since Brexit*, global allocators have taken flight from the UK market, and London’s status as the global financial hub has been undermined.
Strong performance of VT Chelsea Managed Monthly Income recognised
19 April 2024 — We are delighted that our popular VT Chelsea Managed Monthly Income fund has been featured in a recent Trustnet article:
Spring Budget 2024: UK ISA announced
8 March 2024 — Facing an upcoming election and a fragile UK economic climate, the Chancellor of the Exchequer was challenged with crafting a Spring Budget that balanced voter appeal with a perception of responsible fiscal management. Therefore, while the tax landscape is set to be altered significantly, the government took no chances with a budget that is expected to do little to change the fundamental economic picture. The list of tax reforms started with a further 2p cut to National Insurance contributions, marking one of the largest individual tax reductions in UK history. Additionally, the non-domiciled resident “non-dom” tax regime is to be replaced with a new system, while adjustments to the child benefit system will see the High-Income Child Benefit Charge threshold lifted.
Chelsea research team makes changes to Chelsea Selection
16 February 2024 – Chelsea’s research team has made a number of changes to its Chelsea Selection.
Alex Savvides announced as replacement on Jupiter UK Special Situations
12 January 2024 — It was announced that Ben Whitmore, manager of Jupiter UK Special Situations fund, will be leaving to pursue his own venture. Jupiter have named Alex Savvides as his successor on the flagship fund. Alex has spent his entire investment career at JO Hambro Capital Management (JOHCM), managing the £1.2bn JOHCM UK Dynamic fund.
Columbia Threadneedle announces plans to close UK Extended Alpha fund
14 December 2023 — Columbia Threadneedle announced that it plans to close the CT UK Extended Alpha fund.
UK Income veteran Adrian Gosden joins Jupiter to take over flagship Income Trust
21 November 2023 - Jupiter Asset Management has recruited GAM’s Adrian Gosden and Chris Morrison to join the company, bringing with them their co-managed UK Equity Income fund. The pair, who join in 2024, will also take on the management of the £1.5bn Jupiter Income Trust, which has been managed by Ben Whitmore for the past decade.
Record year of dividends for VT Chelsea Managed Monthly Income fund
11 September 2023 - Investors in the VT Chelsea Managed Monthly Income fund will be celebrating this week when they receive a bumper dividend payment.
Proposed merger of the abrdn Global Absolute Return Strategies fund
4 August 2023 - abrdn has announced it is seeking to merge the abrdn Global Absolute Return Strategies fund (previously called Standard Life Investments Global Absolute Return Strategies fund) with the abrdn Diversified Income fund.
VT Chelsea Managed funds mark sixth anniversary with strong performance
6 June 2023 - Launched on 5 June 2017 by Chelsea Financial Services, the four VT Chelsea Managed Funds are now celebrating their sixth anniversary.
Chelsea’s Juliet Schooling Latter nominated for fund awards
24 May 2023 – Chelsea is delighted to announce that our research director, Juliet Schooling Latter has been nominated for two investment awards.
Spring Budget 2023: pensions tax relief increased
15 March 2023 – In the Spring Budget 2023, Chancellor Jeremy Hunt unveiled two big changes for pensions.
2022/23 ISA tax year end deadlines
6 March 2023 – With the end of the tax year fast approaching, investors who have not already made the most of their tax allowances may like to know the deadlines for investments via Chelsea Financial Services.
Chelsea research team makes changes to Chelsea Selection
27 February 2023 – Chelsea’s research team has made a number of changes to its Chelsea Selection.
Chelsea’s Junior ISA: editor’s pick for Uswitch.com
16 January 2023 – Uswitch.com has named Chelsea’s Junior ISA as an editor’s pick in its latest comparison of the best Junior ISAs*.
The 60 minutes that made ISAs and pensions more important than ever
21 November 2022 - Chancellor Jeremy Hunt’s Autumn Statement took 60 minutes to deliver last week. And in that one hour, three tax changes made pensions and ISAs more important than ever.
Chelsea research team makes changes to EasyISAS
7 November 2022 – Chelsea’s research team has made a number of changes to its EasyISA portfolios.
Mini budget: stroke of genius or gamble that will backfire?
23 September 2022 - New Chancellor Kwasi Kwarteng gave a not-so-mini mini budget on Friday. In what he described as a “new approach for a new era” he pledged to “turn a vicious cycle of stagnation into a virtuous cycle of growth.”
Pembroke VCT now open with special Chelsea discount and exclusive cashback deal
21 September 2022 – The Pembroke VCT has been opened to investors and there are special discounts on the initial charge for Chelsea investors. The minimum investment is £5,000 and there is a capacity of £40m.
Chelsea office are closed on 19 September
On Monday 19 September 2022 – the day of Her Majesty Queen Elizabeth II's funeral – the nation comes together to reflect on her long, happy and glorious reign.
CASE STUDY: My Inflation Beating Strategy
22 July 2022 - Sam Buckhurst opened his first ISA in the last year after starting a new job. Since he’s invested, the stock market has been volatile, it hasn't discouraged him too much, and he is carrying on investing monthly.
Threadneedle, BMO and Sanlam fund name changes
19 July 2022 – A number of Threadneedle, BMO and Sanlam funds are all having their names changed. There will also be a temporary suspension of dealing in the Sanlam funds, while they are transferred to a new ‘umbrella’.
CASE STUDY: This is my Post-Divorce Investment Plan
10 June 2022 - When you are getting divorced, getting a renewed focus on your finances is not uncommon. This is the case for private investor Laura Cleaver.
VT Chelsea Managed Monthly Income top of its sector over five years
6 June 2022 - Exactly five years since the launch of the VT Chelsea Managed Funds, VT Chelsea Managed Monthly Income marks the anniversary at the top of its sector.
Termination of Janus Henderson UK Property: what action you need to take
12 May 2022 – Janus Henderson announced this week that the sale of its property fund assets has now progressed and it has begun the process of closing the fund so that the proceeds can be returned to investors.
VT Chelsea Managed Fund range wins Refinitiv Lipper Award for the second year running
28 March 2022 – For the second year running, Chelsea has won the Best Mixed Asset Small Fund Family Group Over Three Years in the Refinitiv Lipper Fund Awards, United Kingdom 2022, for its VT Chelsea Managed Fund range.
Darius McDermott: thoughts on the Spring Statement
23 March 2022 – In the Spring Statement today, Rishi Sunak, Chancellor of the Exchequer, gave details on the state of the UK economy and outlined how he would be helping Brits cope with the increase cost of living.
2021/22 ISA tax year end deadlines and our opening times
Our opening times and the end of tax year deadlines for ISA and Junior ISA investments via Chelsea Financial Services are as follows:
New VCT offer from Amati – including 2% discount
11 February 2022 - The current tax year is likely to set a new fundraising record for venture capital trusts (VCTs), according to the Association of Investment Companies.
Best performing funds of 2021
16 December 2021 - 2021 has been another hard year for businesses and individuals, as we continue to battle the pandemic. But it’s been a positive year for many investors.
CASE STUDY: The Funds I'm Backing to Get on The Property Ladder
2 December 2021 - Like many people her age, Jess Maybury, 29, is hoping her investments will enable her buy her first home. Jess works as a bio-medical scientist working in the university sector, where she is on a vaccination analysis team for COVID.
Marlborough European Multi Cap fund gets a name change
26 November 2021 – Marlborough Fund Managers has announced two changes to its fund names, effective from today.
CASE STUDY: My Car Crash Prompted New Fund Picking Mission
27 October 2021 - Many people reassess their financial priorities after going through a difficult time. That was certainly true for DIY investor Jane Rebus, who was injured in a car accident and realised she needed a savings cushion.
Autumn Budget 2021: very few changes for pensions and savings
27 October 2021 - Much of Chancellor Rishi Sunak’s Autumn Budget and Spending Review was public knowledge before he gave his speech today.
Six new sectors launched making fund comparison easier
13 September 2021 – The Investment Association, the trade body and industry voice for UK investment managers, has announced that it is launching six new sectors today.
James Foster retires but Artemis fixed income team remains strong
8 September 2021 – Artemis has announced today that James Foster, manager of Artemis Strategic Bond fund, is to retire at the end of 2021. Alex Ralph, his co-manager, is also leaving the firm.
CASE STUDY: Ethical Investments to Buy Our First Home
2 September 2021 - Richard Swoboda and his wife Staci hope their Isa investments will allow them to get on to the property ladder and also help with their animal rescue project.
Aviva Investors Multi-Strategy Target Income fund to close
16 August 2021 - Aviva has announced that it is closing the Aviva Investors Multi-Strategy Target Income fund on 27 September 2021. This is because the fund has reduced in size and, when taking account of the running costs, the company has concluded that it would be in the best interests of investors to close the fund.
Legg Mason funds renamed – including four from the Chelsea Selection
12 August 2021 – Following its acquisition by Franklin Templeton in 2020, the names of a number of Legg Mason funds have now been changed.
JOHCM announces plans to close Japan fund
12 July 2021 - J O Hambro Capital Management has announced that it plans to close the JOHCM Japan fund.
New TB Evenlode Global Equity fund launches with discounted charges for Chelsea clients
21 June 2021 – Evenlode Investments has launched a global equity fund under the management of Chris Elliot and James Knoedler.
CASE STUDY: Global Funds Boost My Retirement
16 June 2021 - At 75 years of age, Katherine Blackwood is able to enjoy some of the gains she has made from investing over the past quarter of a century or so.
Marlborough Special Situations managers given greater freedom to run winners
1 June 2021 - Marlborough Fund Managers has taken the decision to move the Marlborough Special Situations fund from the IA UK Smaller Companies sector to the IA UK All Companies sector with effect from 1st August 2021.
AXA Framlington Health manager change
6 May 2021 - AXA Investment Managers (AXA IM) has announced Dani Saurymper will be leaving its Healthcare team in June and that Peter Hughes and Linden Thomson will become co-managers of the AXA Framlington Health fund.
M&G Property Portfolio reopening for dealing on 10 May 2021
21 April 2021 - M&G Investment has announced that it will reopen the M&G Property Portfolio for dealing as of midday on 10 May 2021. The decision to lift the suspension has been taken by the Fund’s Authorised Corporate Director (ACD) and its Depositary, who are now satisfied the fund has a suitable liquidity position for customers who wish to sell their investment and for those who wish to remain invested. The Financial Conduct Authority has also been notified.
Change of manager for Schroder Sterling Corporate Bond fund
14 April 2021 – After eight years at the firm, fund manager Jonathan Golan has decided to leave Schroders and will be joining the fixed income team at Man GLG.
Chelsea wins Refinitiv Lipper Award for VT Chelsea Managed Fund range
25 March 2021 – Chelsea has been named winner of the Best Mixed Asset Small Fund Family Group Over Three Years in the Refinitiv Lipper Fund Awards, United Kingdom 2021.
Budget 2021 – good news for investors
3 March 2021 - Rishi Sunak, Chancellor of the Exchequer, gave his annual Budget today.And with a national debt in excess of £400 billion, all eyes were focused on how this debt will be paid-off.
Merian funds rebranded post-Jupiter merger
15 February 2021 – Jupiter Asset Management has announced that, from today, the Merian funds in its range will be rebranded and renamed Jupiter. Merian Global Investors was created following a management buyout in June 2018. The business was subsequently purchased by Jupiter Asset Management in 2019. As part of the company’s ‘fresh start’, a new logo has been created along with a new Jupiter website, which also goes live today. The Merian website will be retired.
Resumption of dealing in Janus Henderson UK Property fund
28 January 2021 – Janus Henderson has announced that dealing in the Janus Henderson UK Property fund will resume at midday on 24 February 2021.
M&G cuts fund fees for investors
19 January 2021 - M&G has announced it will be cutting the management fee across its range of funds.
Change of name for some Artemis funds
12 January 2021 – Artemis has announced that it will be changing the name of a number of its funds that use the SmartGARP® investment process.
Invesco moves management of Japanese equity funds to Tokyo
7 January 2021 - Invesco has decided to disband its Henley-based Japanese equities team and move management of its UK and Luxembourg domiciled funds to the company’s dedicated investment team based in Tokyo, which already manages US$11.6bn in Japanese equity assets.
New RWC Global Equity Income fund launches with discounted charges for Chelsea clients
16 December 2020 – RWC Partners have launched a high conviction global equity income fund, which will be run by veteran manager Nick Clay and his team.
Change of name for Premier and Miton funds
27 November 2020 – Having received regulatory approval, funds previously labelled LF Miton and Premier, will be renamed today with the prefix ‘Premier Miton’.
Proposed merger of L&G UK Alpha Trust into L&G Growth Trust
16 October 2020 – Legal & General Investment Management is proposing the merger of the Legal & General UK Alpha Trust into the Legal & General Growth Trust.
Change of manager for Man GLG Japan CoreAlpha
15 October 2020 - Man GLG has today announced that Stephen Harker and Neil Edwards, co-managers of Man GLG Japan CoreAlpha fund, are to retire in March next year. Jeff Atherton, another co-manager, will take over the lead role, supported by the existing team.
Changes to the Chelsea Core Selection, Selection & EasyISAs
5 October 2020 – Following our recent investment committee meeting, a number of changes have been made to the Chelsea Core Selection, Chelsea Selection and EasyISAs.
Baronsmead VCTs look to raise £40 million
23 September 2020 – With shareholder early bird savings of 0.5% and 0.75% for existing shareholders until 30 October (or on the first £7.5m raised in each of the 2 VCTs), Baronsmead is looking to raise £40 million, with a £35 million over-allotment facility across two VCTs.
First State and Stewart Investors funds have names changed
22 September 2020 - First State Investments has today rebranded to First Sentier Investors. The brand change is part of a global re-branding program which began in 2019 after First State Investments was acquired by Mitsubishi UFJ Trust and Banking Corporation (MUTB), a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG).
M&G Recovery gets a new manager
21 Sept 2020 - M&G has announced that Tom Dobell, manager of the M&G Recovery fund, will step down from his fund management responsibilities and leave M&G at the end of December. Michael Stiasny will take over the management of the M&G Recovery fund at that time.
Proposed merger of FP Premier Miton Income and Premier Monthly Income funds
4 September 2020 – Following the merger of Premier Asset Management Group plc and Miton Group plc last November, the newly named Premier Miton Group plc is proposing the merger of two of its income funds: FP Premier Miton Income and Premier Monthly Income fund.
Apple becomes first US company to be valued at $2 trillion
24 August 2020 - Having been launched from founder Steve Job’s garage in 1976, it took four decades for Apple to become the world’s first $1 trillion company.
Change of name for Invesco High Income fund
23 July 2020 – Following a change of fund manager in May, Invesco has now announced that Invesco High Income fund will be renamed.
Chelsea Fund Review Summer 2020: movers and shakers
14 July 2020 - The Chelsea research team has just completed its annual fund review covering more than 200 of our most widely-held funds, grouped into sectors. We give a brief round-up of high-profile upgrades and downgrades, as well as introducing clients to a number of new entries.
Jupiter completes acquisition of Merian Global Investors
1 July 2020 - Jupiter Fund Management has announced that its acquisition of Merian Global Investors has been completed.
Change of manager for ASI Global Smaller Companies fund
25 June 2020 – Following the resignation of Alan Rowsell, lead manager of the ASI Global Smaller Companies fund since launch in 2012, Aberdeen Standard Investments has announced that Harry Nimmo will become co-manager of the fund, working alongside recently appointed co-manager, Kirsty Desson.
VT Chelsea Managed Funds: third anniversary round-up
12 June 2020 - The VT Chelsea Managed fund range marked its third anniversary earlier this month, posting solid returns for investors over what has proved to be an eventful few years.
Change of manager for Invesco Income and Invesco High Income funds
15 May 2020 – Invesco has today announced that Mark Barnett, manager of Invesco Income and Invesco High Income funds, has left the company.
Marlborough announces long-term succession planning for small-cap funds
14 May 2020 – Marlborough Fund Managers has today announced a long-term succession planning strategy for its Marlborough Special Situations and Marlborough UK Micro-Cap Growth funds, which are on the Chelsea Selection and Chelsea Core Selection respectively.
Chelsea partners with Alquity for ’40-40 COVID-19 Campaign’
4 May 2020 – Following the devastating impact of the Coronavirus pandemic on the economies of many countries, Alquity Investment Management (Alquity) has launched a 40-40 Campaign to accelerate its support for those most affected in emerging markets.
VT Chelsea Managed funds
29 April 2020 - There has been a minor change to the VT Chelsea Managed Monthly Income and VT Chelsea Managed Cautious Growth fund, in that we have changed the fund’s year end from end of April to the end of June.
Negative oil prices explained
21 April 2020 - Anyone watching their twitter feed last night, or the evening news, could be forgiven for thinking that the world – already in shutdown due to the Coronavirus – was going a little crazy: the price of a barrel of oil went below zero – effectively meaning that, if you had the space, you would be paid to take it!
Change of name for Investec funds
9 April 2020 - Investec Asset Management has become Ninety One Limited. Established in South Africa in 1991, as Investec Asset Management, the firm started offering domestic investments in an emerging market.
Invesco High Income and Income funds: 60% write down of unquoted assets
31 March 2020 – In a statement today, Invesco has said that it is writing down 60% of the unquoted assets in Invesco High Income and Invesco Income funds.
BNY Mellon Global Income fund manager departs
26 March 2020 (updated 30 March 2020) - Commenting on Nick Clay & team’s departure from Newton Investment Management, Juliet Schooling Latter, research director of Chelsea, said: “This is obviously a blow for the company – losing a team as opposed to one fund manager. After 20 years or so with Newton, the offer to move to RWC and launch a new franchise was obviously a very good opportunity and one that Nick felt was too good to turn down.
Our commitment to our clients during these unprecedented times
Our priority is ensuring the health and safety of our staff, while continuing to provide service to our customers. It is absolutely vital that we maintain the essential services that we provide to our customers during this time and our staff are doing everything they can to achieve this.
Ten Chelsea Selection funds holding up best in 2020
23 March 2020 - Having started the year at 7,542, the FTSE 100 is today (23 March) struggling to hold 5,000. And, with daily headlines highlighting stock market plunges, it would be easy to become very disheartened about our investments.
Property funds suspended due to COVID-19
18 March 2020 - Dealing in Janus Henderson UK Property PAIF and Kames Property Income fund has been temporary suspended.
Spring Budget 2020: key points for savers and investors
12 March 2020 - It was perhaps inevitable that this Budget would be taken over by events out of its control. The Coronavirus is dominating headlines the world over and, naturally, the Government recognised that now was not the right time to be tinkering with taxation concerns and pension legislation.
Tapered Annual Allowance for pensions amended for high earners
11 March 2020 - After five years, the Tapered Annual Allowance for pensions has finally been amended by Rishi Sunak, Chancellor of the Exchequer.
Junior ISAs - paying for Uni and a house: get it done!
11 March 2020 - After a speech that lasted more than an hour this afternoon, and more shouts of “Getting it done” than we could keep up with, Rishi Sunak, the Chancellor of the Exchequer, failed to mention some good news for savers: the Junior ISA allowance is to almost double, rising from the current £4,368 to £9,000 next tax year.
LF ASI Income Focus – formerly named the LF Woodford Income Focus fund - reopens
12 February 2020 - Following a period of carefully managed transition, Aberdeen Standard Investments has announced that LF ASI Income Focus (formerly named LF Woodford income Focus) is to reopen on 13 February 2020.
Franklin UK Mid Cap fund manager to retire
7 January 2020 – Franklin Templeton announced today that Paul Spencer, manager of Franklin UK Mid Cap fund, is to retire on 30 September 2020.
ASI appointed manager of LF Woodford Income Focus fund
24 December 2019 - Aberdeen Standard Investments (ASI) has been appointed by Link Fund Solutions Limited as the new investment manager of the LF Woodford Income Focus fund. Subject to regulatory approval, the fund will be renamed LF ASI Income Focus fund and will be managed by ASI’s Charles Luke and Thomas Moore, supported by the 16-strong UK equity team led by Andrew Millington.
Name changes for Sanditon and Matthews Asia funds
18 December 2019 - Thesis Unit Trust Management Limited have advised that Sanditon Asset Management, who have been acting as investment manager for the TM Sanditon funds, has elected to retire from this service.
M&G announces temporary suspension of dealing in M&G Property Portfolio
5 December 2019 - M&G Investments (M&G) has announced that it is temporarily suspending dealing in the shares of the M&G Property Portfolio and its feeder fund with immediate effect.
Woodford fund to be wound up
15 October 2019 - You may have seen in the national press that the Woodford Equity Income fund is to be wound up.
Invesco: CIO and fund change
3 October 2019 - Invesco has announced that Stephanie Butcher will succeed Nick Mustoe as CIO of the Henley Investment Centre at the end of 2019.
Liontrust buys Neptune and renames funds
1 October 2019 – Liontrust has completed its acquisition of Neptune Investment Management Ltd.
Change of name for Aberdeen and Standard Life Investment funds
6 August 2019 – Following the merger of Aberdeen Asset Management and Standard Life in 2017, the company rebranded to 'Aberdeen Standard Investments'.
M&G simplifies fund charges
1 August 2019 – M&G has simplified the way it charges for its funds. Effective today – and with the exception of its property funds – the company is combining all fund charges into a single annual charge. Only exceptional items such as unforeseen legal and tax expense, will not be included.
Chelsea research analysts win Trailblazer Awards
1 July 2019 – We are extremely proud to announce that Ryan Lightfoot-Brown and James Yardley, two of Chelsea's research analysts, have won the Investment Week Trailblazer Award.
Woodford Equity Income: your questions answered
19 June 2019 - It is now more than two weeks since trading was suspended for LF Woodford Equity Income fund. During that time, we have received a number of queries from concerned investors. Below is a summary of the most-asked questions and our answers.
Woodford Equity Income: trading in the fund suspended
3 June 2019 – Trading in Woodford Equity Income fund has been suspended until further notice.
Artemis to transfer Global Energy fund to Guinness Asset Management
30 May 2019 – Artemis has announced plans to transfer its Global Energy fund to Guinness Asset Management.
Temporary suspension of Japanese funds: 26 April to 6 May 2019
25 April 2019 - This year, Japan is extending its annual Golden Week holiday to 10 days, to mark the abdication of Emperor Akihito and the ascension of his son, Crown Prince Naruhito, to the throne.
New tax year, new tax allowances
10 April 2019 - Get an early start: shelter up to £20,000 in an ISA and up to £4,368 in a Junior ISA in the 2019/20 tax year.
Jupiter European fund to move from Chelsea Core Selection to Chelsea Selection
1 April 2019 - Jupiter Asset Management has announced that Mark Nichols will be appointed the new manager of Jupiter European fund later this year.
A decade of low interest rates: Cash loses £265 in real terms but UK equity income triples
6 March 2019 - This week marks two big milestones: it is the tenth anniversary of stock markets hitting rock bottom in the wake of the global financial crisis, as well as the decision by the Bank of England to cut interest rates to ‘emergency levels’ of 0.5%.
Two new VCT offers: early-bird discounts available until 31 January 2019
9 January 2019 - If you missed out on any of the VCT discount offers before Christmas, never fear, two new VCT offers have opened-up to investors.
Two fund manager moves and a company buy-out
10 December 2018 - It was announced last week that Stephen Snowdon, along with three other members of the fixed income team, have left Kames.
Five exciting VCT offers: but hurry – time is running out!
20 November 2018 - VCT fund raising has been hotting up this month, with new offers coming thick and fast. The good news is that we've been able to negotiate more discounts for our clients – but hurry: some expire at the end of November:
F&C funds renamed with new BMO brand
12 November 2018 - Founded as the Bank of Montreal some 200 years ago, BMO Global Asset Management is the eighth largest bank (by assets) in North America, and provides a broad range of financial services to more than 12 million customers. It acquired F&C in 2014.
Magnificent Seven: our top Junior ISA picks
9 November 2018 - Last week, Junior ISAs turned seven – marking a significant milestone for this tax-efficient savings wrapper for children.
Pembroke VCT - new B Share offer
We are pleased to confirm that Pembroke have a new share offer opening. Pembroke are who are seeking to raise £20 million, with an over-allotment facility for an additional £20million. Click here for our independent Chelsea research note.
October edition of Viewpoint available to download
9 October 2018 - The October edition of our Viewpoint magazine is out now.
VCT fundraising set for a strong year: the first of a number of Chelsea client discounts
9 October 2018 - VCT fundraising last year was the second highest on record and this year is set to be just as big, according to Will Fraser-Allen, deputy managing partner at Albion Capital.
Fidelity Strategic Bond fund manager to retire
1 October 2018 - With a career spanning 40 years, Ian Spreadbury, manager of Fidelity Extra Income, Fidelity Moneybuilder Balanced, Fidelity Moneybuilder Income and Fidelity Strategic Bond funds has announced that he will be retiring at the end of 2018.
Old Mutual funds to be renamed
25 September 2018 - On 29 June 2018, the single strategy business of Old Mutual Global Investors was acquired by its management, in partnership with private equity firm TA Associates. From 1 October 2018, this new entity will be rebranded Merian Global Investors. At the same time, its funds will also be renamed.
Change of manager for Schroder High Yield Opportunities
17 September 2018 - Schroders has announced that Michael Scott, manager of Schroder High Yield Opportunities fund, which is on the Chelsea Selection, is leaving the company to join Man GLG.
Rathbone proposes merger of Rathbone Blue Chip Income and Growth fund into the Rathbone Income fund
6 August 2018 - Rathbone Unit Trust Management Limited ('Rathbones') has proposed the merger of its Blue Chip Income and Growth fund into the Rathbone Income fund.
Interest rate rise: keep calm and carry on
2 August 2018 - The Bank of England increased interest rates today for just the second time in a decade. The Monetary Policy Committee (MPC) voted to increase the base rate from 0.50% to 0.75%, marking the first move away from 'emergency' levels.
M&G Global Emerging Markets fund removed from Chelsea Selection
18 June 2018 - M&G has announced that Matthew Vaight, manager of the M&G Global Emerging Markets fund, which has been on the Chelsea Selection since September 2012, will leave the company towards the end of 2018 to pursue interests outside of the asset management industry.
F&C UK Mid Cap removed from Chelsea Selection following manager resignation
31 May 2018 - BMO Asset Management has announced that Tom Wilson, manager of the F&C UK Mid Cap fund, has resigned and will be leaving the company.
AXA Framlington UK Select Opportunities manager to retire
30 April 2018 - AXA Framlington have announced that, after 16 years at the helm of the AXA Framlington UK Select Opportunities fund, and an asset management career spanning almost four decades, Nigel Thomas is to retire in March next year. Chris St John will be come lead manager on the fund at the end of 2018.
UK wage growth overtakes inflation
17 April 2018 - The news today that wage growth is starting to overtake inflation is important for investors. Business margins in the UK have been relatively strong over the past five to 10 years. However, it's important to remember that the labour market is tight at the moment, and one of the biggest costs for businesses tends to be labour. If the cost of employment rises, this could hurt these margins.
Baillie Gifford Corporate Bond fund renamed Baillie Gifford Strategic Bond fund
12 April 2018 - Baillie Gifford has announced that, on 1 May 2018, it is changing the name of the Baillie Gifford Corporate Bond fund, which is on the Chelsea Core Selection, to Baillie Gifford Strategic Bond fund.
Extended Easter opening hours for last minute ISA investors
26 March 2018 – Human nature often leads us to leave things until the very last minute and ISA investments are no exception.
M&G Global Leaders to merge into M&G Global Themes
23 March 2018 – M&G has announced that, subject to shareholder approval, they plan to merge the M&G Global Leaders fund into the M&G Global Themes fund. If approved, the merger will take place on 25 May 2018.
Dividend Allowance to be cut in April
14 March 2018 - From 6 April 2018, the Dividend Allowance will drop from £5,000 to £2,000.
Threadneedle property head to retire
14 February 2018 - Columbia Threadneedle Investments has announced that Don Jordison, managing director of Threadneedle Property Investments, and co-manager of the Threadneedle UK Property Authorised Investment Fund, is to retire on 1 May 2018.
R&M UK Equity Smaller Companies manager change
7 February 2018 - River & Mercantile announced this morning that Philip Rodrigs, manager of R&M UK Equity Smaller Companies and R&M UK Dynamic Equity funds, has left the company following an investigation into a professional conduct issue.
Aviva Investors to close their Asia Pacific Property fund
1 February 2018 - Aviva Investors is winding up its Asia Pacific Property fund, having sold all eight of its holdings.
L&G UK Special Situations removed from Chelsea Selection as manager resigns
9 January 2018 - Richard Penny, manager of L&G UK Special Situations, has resigned from the company and will be moving to CRUX Asset Management.
Stewart Investors Indian Subcontinent fund re-opens to investors
8 January 2018 - Five years after soft-closing the fund, Stewart Investors has announced it is re-opening the Stewart Investors Indian Subcontinent fund to new investors.
Improvements to our service – new platform functionality and product choice
In recent years we have made some important changes to the way our platform works, with the move to commission-free share classes and an overall reduction in investment costs.
2017: Woodford's annus horribilis
7 December 2017 - It hasn't been a good year for Neil Woodford. He has faced setbacks from disappointing stocks such as Allied Minds, AA , AstraZeneca, Babcock and Purplebricks and, in the summer, doorstep lender Provident Financial fell by 70% on the news that its chief executive had resigned.
What the Autumn Budget 2017 means for your savings and investments
22 November 2017 - What the Autumn Budget 2017 means for your savings and investments
Exclusive lower-cost share class for Chelsea clients in new global income fund
15 November 2017 - As of 20 November, an exclusive lower-cost share class of the Evenlode Global Income will be available to Chelsea investors.
Change of name for Henderson funds
8 November 2017 - Following the completion of the merger of Janus Capital and Henderson Global Investors at the end of May, the combined company, Janus Henderson, has now announced that it will be renaming all of its funds from Henderson to Janus Henderson from 15 December 2017.
What type of investor are you and are your expectations realistic?
Schroder launches investIQ tool to help people understand their investment personality.
Interest rate rise: first of many or a one-off?
2 November 2017 - Commenting on today's interest rate rise, Darius McDermott, managing director of Chelsea Financial Services, said: “This was the right move from the Bank of England. In hindsight, the reduction to 0.25% after the Brexit vote was probably a mistake – an overreaction.
Who’s your favourite? Most popular fund revealed, as Junior ISA turns six
23 October 2017 - Since Junior ISAs were introduced on 1 November 2011, just under £3.45bn worth of savings have been put aside for more than 2.8 million children*.
Changes to Aggressive Growth EasyISA
5 October 2017 - Fundsmith Equity has replaced JOHCM Global Select and Fidelity American Special Situations has replaced Legg Mason Clearbridge US Aggressive Growth in the Aggressive EasyISA.
Baillie Gifford champions value for money by cutting fees on 20 funds
5 September 2017 - Baillie Gifford plans to cut investment management fees across 20 equity funds.
Investment ISAs boom as savers shun low rates on cash ISAs
4 September 2017 – Low interest rates and the introduction of the personal savings allowance have both contributed to a £20 billion* fall in the amount being deposited into cash ISAs. At the same time, inflows into investment ISAs has hit a record high, suggesting that savers are looking for potentially higher returns.
Woodford updates investors after top five position falls 70%
23 August 2017 – All fund managers have difficult periods in their careers and Neil Woodford is no exception. Having refused to buy technology stocks in the late nineties, and avoided banks in 2006, he has experienced periods of under-performance and his skills have been questioned before. However, his judgement has been correct more often than not and, over his 30 years in fund management, he has made a lot of money for investors.
Global dividends up 5.4% year-on-year
21 August 2017 – According to the latest Janus Henderson Global Dividend Index, global dividends hit an all-time quarterly record in June, with total payouts increasing 5.4% year-on-year to reach $447.5 billion. This is the fastest rate of growth since 2015 and good news for income-seeking investors, especially as the forecast for 2017 has now been upgraded to $1.208 trillion.
Liontrust to launch three new bond funds, as it recruits managers from Kames
11 August 2017 – Liontrust Asset Management has announced that David Roberts, currently the head of fixed income at Kames Capital, and Phil Milburn, head of investment strategy of the same team, will be joining the company in early 2018.
BlackRock Continental European & BlackRock European Absolute Alpha removed from the Chelsea Selection
21 June 2017 – Following the news that Vincent Devlin is relinquishing his fund management responsibilities, Chelsea has decided to remove both BlackRock Continental European & BlackRock European Absolute Alpha from the Chelsea Selection.
New manager announced for First State Global Resources fund
9th June 2017 - First State Investments has announced that Todd Warren will take over the leadership of the Global Resources team from Dr Joanne Warner when she retires on 1 July 2017.
CF Woodford Equity Income celebrates third anniversary in top position
5th June 2017 – CF Woodford Equity Income celebrated its third anniversary on Friday by being the best performing fund in its sector over the three years.
Managers of Schroder UK Dynamic Smaller Companies leave to launch own business
Paul Marriage and John Warren, managers of the Schroder UK Dynamic Smaller Companies fund, announced today they will leave the firm in the fourth quarter of this year to launch their own boutique business.
Old Mutual closes UK Dynamic Equity fund to new investments
24th May 2017 – Old Mutual Global Investors has announced that it has closed the Old Mutual UK Dynamic Equity fund to new investments with immediate effect.
Change of name for Wood Street Microcap fund
8th May 2017 – Wood Street Microcap fund has had a name change and, from today, has become CF Livingbridge UK Micro Cap.
New ISA allowance details for early-bird investors
6th April 2017 – Today marks the beginning of a new tax year and early-bird investors will be thinking about making the most of the new increased tax allowances.
What's hot and what's not this ISA season
The UK Equity Income sector is once again the most popular sector amongst our clients this year*, attracting 15% of sales so far this ISA season.
JOHCM UK Opportunities removed from Chelsea Selection, as manager retires
15th March 2017 – After more than a quarter of century managing money, John Woods, manager of JOHCM UK Opportunities, has announced that he will be retiring at the end of September.
UK Equity Income sector - yield target changes explained
9th March 2017 - In a welcome move, which will result in more clarity for investors when comparing income-producing UK equity funds, the trade body that represents UK investment managers, the Investment Association (IA), has announced that the yield requirement for the UK Equity Income sector will be reduced.
ISA tax year end deadlines 2016/2017
8th March 2017 - The end of tax year deadlines for ISA and Junior ISA investments are as follows:
What the 2017 Budget means for your savings and investments
8th March 2017 - Find out what the Chancellor said today
Schroders to launch new US Income Maximiser fund
2nd March 2017 - Schroders has announced that, subject to regulatory approval, it will be expanding its Maximiser Income range in the coming weeks, with the launch of a US version.
Change of manager for Jupiter Growth & Income Fund
15th February 2017 - Alastair Gunn has been appointed fund manager of the Jupiter Growth & Income fund.
Long-anticipated Polar Capital UK Value fund now available on the Chelsea FundStore
3rd February 2017 - Polar Capital's long-anticipated UK Value fund was finally launched this week and is now available on the Chelsea FundStore.
Closure of Invesco Perpetual Investment Trust service
25th January 2017 – Invesco Perpetual has announced that it is closing its investment trust service on 13 April 2017.
Changes announced for Schroder Monthly High Income fund
11th January 2017 - Schroder Monthly Income fund is changing its name and investment objective. From 17th February 2017 the name will change to Schroder High Yield Opportunities and the investment objective will include capital growth (though the key focus is still income).
Aviva Investors Property Trust reopens… with a new lead manager
15th December 2016 - Dealing in the Aviva Investors Property Trust resumes today. The fund, along with a number of other commercial property funds, had its dealing suspended in July, when Brexit fears caused a large number of outflows from the sector.
M&G High Income Investment Trust to be wound up
12th December 2016 - M&G has announced that it is winding up its High Income Investment Trust on 17 March 2017. Existing investors, holding the fund within an ISA wrapper, have been given a number of options from M&G:
Changes to Chelsea Cautious Growth EasyISA & Core Selection
7th December 2016 – Baillie Gifford Corporate Bond has replaced the Man GLG Strategic Corporate Bond fund in the Chelsea Cautious Growth EasyISA and on the Chelsea Core Selection.
New short dated corporate bond fund from Fidelity
1st December 2016 - Fidelity International has launched a new short dated corporate bond fund, run by Sajiv Vaid and Ian Spreadbury.
Autumn statement – 60 second wrap
23rd November 2016 – So the autumn statement and the spring budget are henceforth abolished, to be replaced by a spring statement and an autumn budget. Once you've got that straight, we've summarised the remaining key news points you need to know about below.
Change of managers for Invesco Perpetual bond funds
17th November 2016 - Invesco Perpetual's co-heads of fixed interest, Paul Causer and Paul Read, are handing over the management of four of their funds.
CRUX European fund enjoys a strong first year
Just over a year ago, we highlighted a new investment opportunity to our clients: the launch of CRUX European fund. It was subsequently added to the Chelsea Selection in March this year.
M&G names Sam Ford as new manager of UK Select fund
7th November 2016 - M&G Investments has announced that, from 1st January 2017, Sam Ford will be the new manager of the M&G UK Select fund.
Fifth birthday celebrations for the Junior ISA
1st November 2016 – Today marks the fifth anniversary of the Junior ISA. Since launch, our Junior EasyISAs have returned between 48%-69%*, and have turned a £50 monthly regular saving into a pot of between £3,300 and £3,700. Not a bad start for a child just beginning school, I'm sure you'll agree!
Troy Asset Management launches Global Income fund
27th October 2016 – Troy Asset Management has announced the launch of a Global Income fund, which will be available on the Chelsea FundStore from 1st November 2016.
Government scraps plans for a secondary annuity market
18th October 2016 - HM Treasury announced today that it will not go forward with plans to introduce a secondary annuity market.
Fund name changes and fee reductions
13th October 2016 – Jupiter and M&G are changing the names of two funds.
Changes made to Chelsea Selection & Global Income EasyISA as Neptune fund manager resigns
4th October 2016 – Following the announcement last week that James Hackman, manager of the Neptune US Income fund has resigned, the fund has been removed from the Chelsea Selection and will be replaced in the Global Income EasyISA by Guinness Global Equity Income.
*Update* Trading set to recommence on commercial property funds
22nd September 2016 - At the beginning of July, a number of commercial property funds were forced to suspend trading, when concerns about the UK economy caused investors to redeem their holdings in the these funds in large numbers, in the days following the EU referendum.
Following the St Leger's Day adage could have lost you 10% this year
12th September 2016 - Investors following the St Leger's day adage - i.e. selling their UK equity holdings in May - could have missed out on gains of almost 10% this year*.
FundCalibre receives nomination in Investment Week Research Awards 2016
8th September 2016 – FundCalibre, Chelsea's sister company and online Fund Ratings business, has been nominated in the 'Best Ratings and Research Service' award category of Investment Week's inaugural Investment Research Awards on 4th October 2016.
Chelsea Selection fund managers take to their bikes for children's charity
1st September 2016 – Between 10th and 15th September, a number of Artemis employees will take part in an 'office to office' cycle ride to raise money for Children with Cancer UK, the leading national children's charity dedicated to the cause.
Six new funds gain an Elite Rating from FundCalibre
18th August 2016 - Following a recent investment committee meeting, the directors of FundCalibre, Chelsea's sister company, have awarded six new funds an Elite Rating, bringing the total number of Elite Rated funds to 137.
Carney throws kitchen sink at flagging economy
4th August 2016 - Commenting on the interest rate cut and new quantitative easing, Darius McDermott, managing director of Chelsea, said:
Changes to Schroder Global Real Estate fund as global cities come into focus
27th July 2016 – Schroder has announced that, from Monday 1st August 2016, the Schroder Global Real Estate fund will be renamed Schroder Global Cities Real Estate.
Standard Life Investments closes Emerging Market Debt Unconstrained fund
21st July 2016 – Standard Life Investments has announced that it is shutting the Emerging Market Debt Unconstrained fund.
Seven Chelsea Selection funds honoured at the Royal Albert Hall
13th July 2016 - No fewer than seven funds on the Chelsea Selection were named best in their sector in the Fund Manager of the Year Awards at the Royal Albert Hall last week.
Changes to Cautious and Income EasyISAs
6th July 2016 – The Chelsea research team has replaced the Henderson UK Property fund in the Cautious and Income EasyISAs.
Property funds suspend trading
4th July 2016 – Following a significant increase in the number of investors redeeming their holdings, Standard Life Investments has suspended trading on its UK Real Estate fund.
Franklin Templeton reduces fund charges on three UK equity funds
30th June 2016 – Franklin Templeton is to reduce the fund management charges on three of its UK equity funds.
Challenges of unintegrated long-term savings system exposed
23rd June 2016 - Pensions Policy Institute research shows challenges of unintegrated long-term savings system
New lead manager for Newton Asian Income
7th June 2016 - Zoe Kan promoted to lead manager of Newton Asian Income
Change of manager for Standard Life Investments Higher Income fund
31st May 2016 – Standard Life Investments have announced Fraser Duff will replace David Ennett as lead manager on both the Higher Income and the European High Yield funds, effective immediately.
Change of manager for Neptune US Opportunities
26th May 2016 - Neptune Asset Management have today announced James Hackman has taken over the management of their US Opportunities fund.
Change of manager for Jupiter Japan Income fund
26th May 2016 – Jupiter Asset Management have today announced Dan Carter has been appointed lead manager of the Jupiter Japan Income fund, with immediate effect. Current lead manager Simon Somerville will be leaving Jupiter after 11 years.
Newton Asian income yield target to be cut
26th May 2016 - Newton Investment Management has announced that it is reducing the yield target on its Asian Income fund.
Miton appoints ex-EdenTree manager to run UK Value Opportunities fund
19th May 2016 - Miton appoints ex-EdenTree manager to run UK Value Opportunities fund
Evenlode Income latest victim of Investment Association yield rules
17th May 2016 – Evenlode Income, which is on the Chelsea Selection, has become the latest fund to fall foul of the Investment Association yield requirements for the UK Equity Income sector.
Changes to Henderson UK Property Trust
11th May 2016 - Henderson Global Investors has made a couple of changes to its UK Property Trust.
Threadneedle UK Equity Alpha Income manager to retire
5th May 2016 – Columbia Threadneedle announced today that Leigh Harrison, head of equities for Europe and co-manager of the Threadneedle UK Equity Alpha Income fund, which is on the Chelsea Core Selection, will retire on 30th June 2016.
Fidelity UK Growth to be merged into Fidelity UK Select
28th April 2016 – Following an extraordinary general meeting, which took place on 6th April 2016, Fidelity have announced that shareholders approved the merger of the Fidelity UK Growth fund into the Fidelity UK Select fund.
Allianz BRIC Stars to be converted to broader emerging markets fund
20th April 2016 - Allianz Global Investors has announed that, subject to shareholder approval, it plans to covert the Allianz BRIC Stars fund to a global emerging market equity fund.
Miton managers confirm move to Polar Capital
14th April 2016 - Following the announcement last week that George Godber and Georgina Hamilton, managers of the Miton UK Value Opportunities and Miton Undervalued Assets funds, had handed in their resignation at Miton, it has now been confirmed that they will be moving to Polar Capital, the boutique asset management house.
Miton managers resign
7th April 2016 - George Godber and Georgina Hamilton, managers of the Miton UK Value Opportunities and Miton Undervalued Assets funds, have handed in their resignation at Miton. Their notice periods are one year and six months respectively.
Chelsea Selection fund name changes
4th April 2016 - Phoenix Fund Services (UK) Limited (PFS), the Authorised Corporate Director (ACD) for a number of funds, was purchased by Maitland International Holdings Plc in April 2015.
Best-selling Junior ISA funds this year
Get your child, grand child or maybe even god child off to a good start by investing in a Junior ISA on their behalf. You can invest up to £4,080 in the 2015/16 tax year.
Best-selling growth funds this ISA season
If you're stuck for ideas on where to invest in the final few days of the 2016 ISA season, we've taken a look at our 10 most popular growth funds this year*.
What the 2016 Budget means for your savings and investments
16th March 2016 - Among a raft of smaller changes, including an increase to the annual ISA allowance, George Osborne, Chancellor of the Exchequer, announced an unexpected boon to young investors with a new Lifetime ISA. We have outlined details of the main changes that will impact your savings, investments and pensions:
Liontrust UK Micro Cap fund launches today
9th March 2016 - Liontrust UK Micro Cap fund has launched on the Chelsea FundStore today. Managed by the team behind the highly successful Liontrust Special Situations fund, this new fund will invest in companies with a market capitalisation of less than £150 million at the point of purchase.
Fidelity UK Smaller Companies fund closing to new investments
3rd March 2016 - From 6th April 2016, Fidelity will no longer be accepting new investments or switches into the Fidelity UK Smaller Companies fund.
First State Greater China Growth re-opens to new investments
2nd March 2016 - First State Greater China Growth fund has re-opened to new investments. The fund, run by Martin Lau, a senior member of the famed First State Stewart Asia team, has consistently delivered outperformance and demand for the fund was so fierce that it was closed to new investments for four years.
AXA Distribution manager leaves to join Royal London Asset Management
22nd February 2016 – Richard Marwood, co-manager of AXA Investment Manager's range of Distribution funds, has decided to leave the company and join Royal London Asset Management.
Lindsell Train Global Equity and Japanese Equity funds added to the Chelsea FundStore
17th February 2016 – Lindsell Train Global Equity and Lindsell Train Japanese Equity will be available on the Chelsea FundStore from 25th February 2016.
Jupiter launches Asian Income fund for ex-Core Selection manager
15th February 2016 – Jupiter is launching an Asian Income fund, which will be managed by Jason Pidcock, former manager of Newton Asian Income.
Artemis UK Growth change of name & manager
4th February 2016 - As announced in June last year, Tim Steer, manager of Artemis UK Growth fund retired at the end of December and Ed Legget, who previously managed the Standard Life Investments UK Equity Unconstrained fund, has taken over the reigns.
Fidelity South East Asia name change
29th January 2016 - Fidelity South East Asia fund will have its name changed to Fidelity Asia on 23rd March 2016.
50% discount available on Hargreave Hale AIM VCTs 1 & 2
19th January 2016 - Hargreave Hale AIM Venture Capital Trusts (VCTs) 1 & 2 have opened for investments in both the current tax year (2015/2016) and the 2016/2017 tax year.
Chelsea Selection manager given new fund to run
11th January 2016 - River & Mercantile (R&M) has given Philip Rodrigs a second fund to manage. The smaller companies specialist, who already runs the R&M UK Equity Smaller Companies fund, which is on the Chelsea Selection, is to take on the rebranded R&M UK Dynamic Equity fund, which invests in UK companies of all sizes, from Dan Hanbury.
Kames Capital adds co-managers to its strategic bond funds
4th January 2016 - Kames Capital is to strengthen the management team of the Kames Strategic Bond and Kames Strategic Global Bond funds, with the appointment of two co-managers.
Proposed merger of Schroder Japan Alpha Plus with Elite Rated Schroder Tokyo fund
23rd December 2015 - Schroder are seeking shareholder approval to merge the £29m Schroder Japan Alpha Plus fund with the £2.1bn Elite Rated Schroder Tokyo fund.
Interest rates finally rise in the US
16th December 2015 - The US Federal Reserve (the ‘Fed’) has raised interest rates for the first time in nearly a decade. In a widely anticipated move, the Federal Open Market Committee (FOMC) voted unanimously to raise the cost of borrowing by 0.25%, ‘marking the end of an extraordinary seven-year period’ in the words of Janet Yellen, the Fed Chair.
Newton Global Income fund – change of manager, but remains on Chelsea Selection.
15th December 2015 - Newton have announced that, with immediate effect, Nick Clay, alternate manager on the Newton Global Income fund, will take on the role of lead manager. James Harries, who was lead manager on the fund since its launch 10 years ago, has resigned and will be joining Troy Asset Management in 2016.
M&G Global Basics gets new lead manager
14th December 2015 - M&G Investments has promoted director of global equities, Jamie Horvat, to lead manager on their Global Basics fund. Current manager, Randeep Somel, will continue to work alongside him.
Christmas opening hours
11th December 2015 - As Christmas draws ever closer, we thought you might like to know what our opening hours are over the festive period:
Baronsmead proposes merger of VCT 3 and 4
10th December 2015 - Baronsmead has announced that, subject to shareholder approval, they are planning to merge their VCTs 3 and 4 in February next year.
Autumn Statement 2015
25th November 2015 - What the 2015 Autumn Statement means for your investments and pensions
Man GLG Technology fund to close
19th November 2015 - Man GLG have informed us that they are closing their Technology fund on 10th December 2015, following the fund managers' departure.
Stewart Investors Asia Pacific Leaders fund removed from Core Selection & Aggressive EasyISA
9th November 2015 - Following substantial changes to the lead managers on Stewart Investors (previous branded First State) Asia Pacific Leaders fund, it has been removed from the Chelsea Core Selection and Aggressive EasyISA.
Junior ISAs now 4 years old
5th November 2015 - This month marks the fourth anniversary of the Junior ISA. Since launch, our Junior EasyISAs have returned up to 37.95%*, and have turned a £50 monthly regular saving into a pot of £2,457. Not a bad start for a pre-schooler, I'm sure you'll agree.
Name changes for five M&G funds
29th October 2015 - M&G Investments has announced that it is changing the name of five of its equity funds. Four of the funds will have the word 'Select' added to their titles, to better reflect their invest process, whereby the portfolios may be invested in a concentrated number of stocks at any time. The investment process remains unchanged.
Changes to First State fund names
22nd October 2015 - In March, we informed you that First State Stewart, the team that runs First State Investments' GEM, Asia and global equity mandates, was to be split into two investment teams on 1st July 2015; one based in Edinburgh (Stewart Investors), and the other in Hong Kong (First State Stewart Asia). First State believed that, by forming two smaller investment divisions, both teams would get greater flexibility.
Richard Colwell becomes lead manager on Elite Rated Threadneedle UK Equity Income fund
1st October 2015 - Columbia Threadneedle has announced that, as of today, Richard Colwell, previously co-manager of the UK Equity Income fund, will become lead manager and Leigh Harrison will become deputy manager. The pair have co-managed the fund since 2010.
M&G's Mike Riddell to join Allianz Global Investors
24th September 2015 - Allianz Global Investors announced today that they have hired Mike Riddell.
Richard Buxton new role
24th September 2015 - Following our news release on 12th August 2015 regarding Richard Buxton taking over as CEO of Old Mutual Global Investors, we had a meeting with him to discuss how he was getting along in his dual role as both CEO and fund manager of the Elite Rated Old Mutual UK Alpha fund.
Investec UK Alpha and Rathbone Ethical Bond gain Elite Ratings
14th September 2015 - Investec UK Alpha and Rathbone Ethical Bond have been awarded an Elite Rating from FundCalibre.
New Global Head of Index Funds at Legal & General Investment Management
9th September 2015 - Legal & General Investment Management (LGIM) has announced that Chad Rakvin will succeed Ali Toutounchi as Global Head of Index Funds.
Jupiter appoints Stephen Pearson as Chief Investment Officer
8th September 2015 - Stephen Pearson, who joined Jupiter as a European equities manager in 2001, has been promoted to Chief Investment Officer.
Matthews Asia funds now available on the Chelsea FundStore
1st September 2015 - Five funds from Matthews Asia are now available to buy on the Chelsea FundStore:
August distribution cancelled for Kames High Yield Bond
27th August 2015 - Kames Capital plc have, this week, written to holders of its High Yield Bond fund income share class to let them know that the usual monthly distribution for the month of July will not be paid in August.
New manager appointed to Fidelity American fund
19th August 2015 – Fidelity have announced that, from 1st September 2015, Aditya Khowala will take on the management of the Fidelity American fund.
GLG rebrand's UK fund range
18th August 2015 - Fund Management company GLG has rebranded its range of 12 UK funds. As of today, the fund names will be changed from 'GLG' to 'Man GLG' to be more in keeping with its parent company, Man Group.
Old Mutual Global Investors gets new CEO
12th August 2015 - Old Mutual Global Investors have announced that, with immediate effect, Julian Ide is stepping down from his role as CEO and has been replaced by Richard Buxton, manager of the Elite Rated Old Mutual UK Alpha fund, which is on the Chelsea Core Selection.
Hermes Asia ex-Japan Equity fund closed to new investments
4th August 2015 – Hermes Investment Management has soft closed it's Elite Rated Asia ex-Japan Equity fund.
BlackRock UK Special Situations co-manager to retire
22 July 2015 - Richard Plackett, co-manager of the BlackRock UK Special Situations fund, has announced that he will retire from fund management at the end of 2015.
Aviva Asia Pacific Property
22 July 2015 - As at noon on 20th July 2015, trading in the £160m Aviva Asia Pacific Property fund has been suspended.
Schroder Income removed from the IA UK Equity Income sector
16 July 2015 - The Elite Rated Schroder Income fund has been moved into the UK All Companies sector after failing to meet the Investment Association yield requirements of the UK Equity Income sector. Invesco Perpetual's High Income and Income funds suffered a similar fate last year.
Bank deposit protection to be reduced on 1st January 2016
9 July 2015 – The Financial Services Compensation Scheme (FSCS) has announced that the amount of money covered by their bank deposit protection will be reduced next year.
Artemis Strategic Assets loses assistant but remains on the Core Selection
7 July 2015 – Giles Parkinson, assistant on the Artemis Strategic Assets fund, has resigned after five years with the company.
Ecclesiastical rebrands to EdenTree
6 July 2015 - From today, Ecclesiastical Investment Management will be known as EdenTree Investment Management.
Jupiter Undervalued Assets to be merged with Elite Rated UK Growth fund
1 July 2015 – Following confirmation of unit holder approval at an Extraordinary General Meeting (EGM) on Friday 26 June, Jupiter has announced that Jupiter Undervalued Assets will be merged into the Elite Rated Jupiter UK Growth fund on Friday 3 July 2015.
SLI UK Equity Unconstrained removed from the Chelsea Selection
23 June 2015 - Ed Legget, manager of SLI UK Equity Unconstrained fund, has announced his resignation from the company. As a result, the fund has been removed from the Chelsea Selection.
Woodford Equity Income tops the tables on first anniversary
17th June 2015 – Woodford Equity Income fund has beaten all its peers in the year since it was launched.
Rathbone Strategic Growth Portfolio gets cheaper and income version ready for launch
15 June 2015 – Rathbone Unit Trust Management has reduced the annual management charge of the Elite Rated Strategic Growth Portfolio from 0.75% to 0.5%.
Royal London Corporate Bond remains on the Chelsea Selection, despite manager move to Fidelity
11 June 2015 - At the end of April 2015, Sajiv Vaid, lead manager of the Elite Rated Royal London Corporate Bond fund, announced that he would be leaving the company to join Fidelity Worldwide Investments.
New ISA death benefits explained
10 June 2015 - In his Autumn Statement in December 2014, the Chancellor of the Exchequer, George Osborne, announced a new benefit for ISA investors: money held within an ISA wrapper can now be passed on to a spouse or civil partner, without losing the tax advantages.
All change for M&G American
9 June 2015 – M&G American has been given a new name, manager and investment strategy. Now called M&G North American Dividend, and run by John Weavers, the fund will now focus on income as well as growth to maximise long-term total returns.
Henderson European Special Situations merger update
8 June 2015 – Having gained shareholder approval, Henderson European Special Situations fund has now been merged with the newly-launched FP Crux European Special Situations fund.
Balanced Junior EasyISA fund change notification
4 June 2015 – After careful deliberation, we have decided to replace Newton Asian Income with Elite Rated Schroder Asian Income in the Chelsea Balanced Junior EasyISA.
The PFS Downing UK Micro-Cap Growth fund is now available on the Chelsea FundStore
3rd June 2015 - An alternative to the Marlborough Nano-Cap Growth fund, this fund has been run by Judith Mackenzie since 2011, but remains very small with less than £40m assets under management.
Newton Asian Income removed from the Chelsea Core Selection
21 May 2015 - Following the resignation of Jason Pidcock from Newton, and the announcement that he will be moving to Jupiter Asset Management, Chelsea has removed the Newton Asian Income fund from both the Core Selection and the balanced Junior EasyISA.
UK inflation turns negative for the first time since records began
20 May 2015 - Last month, the UK Consumer Prices Index (CPI) inflation turned negative for the first time since official records began in 1996 and the first time since 1960, based on comparable historic estimates.
Brown Advisory US Flexible Equity awarded an Elite Rating
14 May 2015 - Managed by Hutch Vernon and his co-manager, Mike Foss, the unconstrained, multi-cap Brown Advisory US Flexible Equity fund was launched in the UK in 2014, Its strategy is based on a parallel fund, managed by the duo for more than 20 years in the United States. They are supported by a team of 21 analysts and fund managers.
Fidelity UK Smaller Companies fund re-opens
7 May 2015 - Fidelity Worldwide Investment has announced that their UK Smaller Companies fund is to re-open to new investments and it is once again available for investment via the Chelsea FundStore.
Legg Mason funds to be renamed
30 April 2015 - Legg Mason is not like most global asset management companies. It is made up of a diversified group of global affiliates and, while their funds are branded 'Legg Mason', many are actually run by wholly-owned subsidiaries.
Liontrust continues fund manager recruitment drive and fund launches
23 April 2015 - Liontrust have recruited a third fund manager, Victoria Bates, for their Economic Advantage team. Victoria will join Anthony Cross and Julian Fosh, managers of Elite Rated Liontrust Special Situations fund, which is on the Chelsea Core Selection, and Elite Rated Liontrust UK Smaller Companies fund, in June 2015. She will work primarily with Anthony researching, analysing and selecting smaller companies for all the team's funds.
Old Mutual Global Strategic Bond manager steps down
21st April 2015 - Stewart Cowley, manager of the Old Mutual Global Strategic Bond fund, has announced that he will be retiring from fund management. He will relinquish management of the fund on 1st May 2015, and leave the company at the end of June.
Ignis funds to be renamed following company buy-out
20 April 2015 - Following their acquisition of Ignis in July 2014, and the integration of the business, Standard Life Investments has announced that the Ignis funds are to be renamed under the new brand. The changes will take place on 18th May 2015 and are detailed in the list below.
Proposed merger of Henderson European Special Situations
17 April 2015 - Richard Pease, the manager of the Henderson European Special Situations fund since its launch in October 2009, and James Milne, the assistant fund manager, are leaving Henderson Global Investors to join Crux Asset Management. When they join the company, they will become managers of the newly-established FP Crux European Special Situations fund.
Proposed merger of AXA Framlington Equity Income fund
7 April 2015 - AXA Framlington are currently writing to clients, proposing the merger of their Equity Income fund with their Monthly Income fund.
Changes to First State Stewart team
17 March 2015 - First State Stewart, the team that runs First State Investments' GEM, Asia and global equity mandates, is to be split into two investment teams; one based in Edinburgh, lead by Angus Tulloch (Stewart Investors) and the other in Hong Kong, lead by Martin Lau (First State Stewart Asia). The split will take place on 1st July 2015.
M&G Global Real Estate Securities fund to close
4 March 2015 - M&G Investments has announced that the £81 million* Global Real Estate fund will be wound-up on 22nd May 2015.
New deputy manager appointed to Invesco Perpetual High Yield fund
25 February 2015 - Invesco Perpetual have announced that they have promoted Asad Bhatti to deputy manager of the Elite Rated Invesco Perpetual High Yield fund. He will join co-heads of fixed interest, Paul Causer and Paul Read in the management of the fund. The promotion is in recognition of the valuable contribution Invesco feel Asad has made to the fixed interest team over the past decade, playing a key role in generating investment ideas in the high yield bond space.
Neptune restructures
17 February 2015 - Neptune has announced that the company is undergoing a restructure, following a disappointing few years in terms of overall fund performance.
Schroders increases fund charges – but you could pay less
30 January 2015 - Schroders has announced that it will be increasing the ongoing charge figure (OCF) for the Schroder Recovery fund, in order to bring it into line with the costs of other funds in their range. The OCF will rise from 1.51% to 1.66% on 15th February 2015.
M&G Global Dividend manager apologises for disappointing performance
28 January 2015 - In an unusually candid open letter, Stuart Rhodes, manager of the M&G Global Dividend fund, has apologised to his investors for the disappointing performance of the fund in 2014. The letter, which is available on this link, addresses the reasons why the fund underperformed both its benchmark and sector average in the past calendar year.
Old Mutual Property fund to merge into Henderson UK Property
15th January 2015 - Last November, investors in the Old Mutual Property Fund voted in favour of merging the Old Mutual Property Fund with the Henderson UK Property OEIC. This merger has resulted in the Henderson UK Property OEIC increasing by around one sixth in size and will further diversify the property portfolio and tenant base of the Henderson UK Property OEIC. Henderson has undertaken due diligence on the incoming assets and is satisfied that the merger is in the interests of investors while independent valuations have been undertaken on the properties to ensure that the merger is fair for both sets of investors.
The Autumn statement - “on course to prosperity” George Osborne
4 December 2014 - The Autumn statement, which was announced yesterday, reaffirming the government's commitment to put savers and investors at the heart of their election pledge, boasting of a fast growing economy, exciting new ISA rules and a change in stamp duty.
Top ten funds invested in JISAs by Chelsea Financial Services’ investors
13 November 2014 - Chelsea Financial Services today reveals the top-selling Junior ISA funds among its clients since the introduction of the tax-efficient savings and investment vehicle that encourages parents to save for their child's future. Junior ISAs were made available to the British public on November 1st 2011. * * *Chelsea Financial Services Junior ISA top ten best sellers**
The Savers' Revolution
9 October 2014 - The changes announced in the March budget were good news for investors, and the Savers Revolution looks set to continue. In the March budget, chancellor Osborne announced major reforms for defined contribution pensions. Under the reforms, pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want. There are no caps or drawdown limits.
FTSE's positive reaction to "No" vote
19 September 2014 - The FTSE has reacted positively to the news that Scotland has voted ‘no’ to ending the 307-year union with Britain, with Scottish shares seeing significant rises. While the ‘yes’ camp will be disappointed, this is generally perceived amongst fund managers to be the best outcome for the British economy. There is nothing the markets like less than uncertainty. And while the new devolution powers have yet to be thrashed out, the message of unity is a positive one for markets and the UK economy.
High profile manager changes for two UK equity funds
9 September 2014 - The last week has seen two high profile managers leave their jobs: Simon Brazier and Julie Dean.
Ignis equity funds manager changes
3 September 2014 - Standard Life completed its deal to buy Ignis Asset Management on 1st July 2014, and the process of integrating the two businesses has now begun.
Proposed merger of Fidelity International fund with Fidelity Open World fund
12 August 2014 - Fidelity has written to shareholders in the Fidelity International fund, proposing to merge the fund with the Fidelity Open World fund. Votes should be received no later than 11am on 6th October 2014 and, if the vote is in favour of the merger, it will take place on 28th November 2014.
Manager of M&G Global Real Estate Securities fund resigns
8 August 2014 - M&G have announced that Gillian Tiltman, manager of the M&G Global Real Estate Securities fund, has resigned. Tiltman is leaving the company and moving to another fund management company, although where she is going is yet to be confirmed.
Henderson looks to change the structure of their UK Property Trust
1 August 2014 - Henderson Global Investors have written to shareholders in the Henderson UK Property Trust, proposing that they change the fund structure from a Unit Trust to an OEIC, before eventually converting the fund to a PAIF structure.
Schroder Global Property Securities fund manger change
15 July 2014 - Over the past eight years, Schroders has partnered with EII Capital Management Inc, in the running of the Schroder Global Property Securities fund. Both parties have now decided that this partnership has come to a natural end and, in future, Schroders will use its in-house expertise to manage the fund alone.
Name change for M&G High Yield Corporate Bond
3 July 2014 - M&G have announced that they will be changing the name of the High Yield Corporate Bond fund. From 8th August 2014, the fund will be called M&G Global High Yield Bond.
1st July 2014 – ISA independence day
24 June 2014 - ISAs have been around for 15 years now, and any tweaks to the tax wrapper during this time have generally been disadvantageous. The 2014 Budget finally reversed that trend and, having firmly moved the burden of responsibility for providing for our own retirement onto the individual, the government is finally trusting us to manage our money.
Manager resignation forces Cautious Growth EasyISA change
17 June 2014 - Martin Gray, manager of the Miton Special Situations Portfolio, has resigned from the company after 20 years. As a result, the fund has been taken off the Chelsea Core Selection and has been replaced in the Cautious Growth EasyISA Portfolio by Henderson UK Property.
Unicorn manager passes away
13 June 2014 - It is with extreme sadness that we share the news that Unicorn Asset Management's John McClure has passed away.
Seven RedZone funds get new managers
12 June 2014 - No fewer than seven funds which featured in the Chelsea RedZone earlier this year, have had a change of manager.
Liontrust Asset Management plc re-enters the FTSE All Share Index
6 June 2014 - In the annual review of the FTSE All Share constituents, it has been announced that Liontrust Asset Management plc will re-enter the index for the first time since 2008.
Invesco Perpetual to launch Global Distribution fund
19 May 2014 - Invesco Perpetual are launching a Global Distribution fund for retail investors.
Polar Capital range of funds now available on the Chelsea FundStore
6 May 2014 - Polar Capital Holdings plc, the specialist investment manager, which was founded in 2001, has added thirteen of its funds to the Chelsea FundStore.
L&G Dynamic Bond manager resigns
22 April 2014 - Richard Hodges, manager of the L&G Dynamic Bond Trust, has today announced his resignation from the firm.
Eight River & Mercantile funds now available on the Chelsea FundStore
7 April 2014 - River & Mercantile has added eight of its funds to the Chelsea FundStore. Three Global Equity and five UK Equity funds are now available to Chelsea's customers.
Cazenove funds rebranded under the Schroders name
24 March 2014 - Following their acquisition of Cazenove in July 2013, Schroders has today renamed all the Cazenove funds. See all the changes here.
15th anniversary of the ISA wrapper
24 March 2014 - The start of the next tax year marks the 15th anniversary of the ISA wrapper. It started its life under a bit of a cloud as the maximum allowance was lower than its predecessor, the PEP, and, over the years, some of its tax advantages have been cut.
Chelsea extends opening-hours for last minute ISA investors.
21 March 2014 - Human nature often leads us to leave things until the very last minute and ISA investments are no exception.
Newton replaces manager on struggling Higher Income fund
20 March 2014 - Newton Investment Management has replaced Richard Wilmot on its struggling UK Higher Income fund. The new manager will be Christopher Metcalfe, who currently runs the group's Managed fund.
What today's Budget means for your savings and investments
19 March 2014 - Today, the Chancellor George Osborne announced his review of the state of government finances. He promised that, after five punishing years of low interest rates, 'Support for savers would be at the centre of this Budget'. He didn't disappoint.
GAM Fund Management Ltd set to soft-close Star China Equity fund
11 March 2014 - GAM Fund Management Ltd has said that it will soft-close the Star China Equity fund, managed by Michael Lai, once it reaches £1.56bn.
Ignis Asset Management winds down underperforming funds
10 March 2014 - Ignis Asset Management is to close two underperforming equity funds, both of which appeared in the latest Chelsea RedZone. The UK Enhanced Income and Ignis UK Focus funds will be closed on 7th April 2014, subject to regulatory and shareholder approval.
Mark Barnett takes over management of Invesco Perpetual funds ahead of schedule
6 March 2014 - Invesco Perpetual have announced that Mark Barnett will take on the management of the Invesco Perpetual High Income and Income funds with immediate effect – eight weeks ahead of the original end-April start date.
Five years of 0.5% rates cost cash investors dear
4 March 2014 - Having had ultra-low interest rates for five years now, and the Governor of the Bank of England signalling that they will remain at their ultra-low level until after next year's election, we look at how taking on more risk would have rewarded savers in this time.