{"id":89572,"date":"2018-05-26T13:00:49","date_gmt":"2018-05-26T06:00:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ridiculously-complex-top-financier-blasts-uks-biggest-fund\/"},"modified":"2018-05-26T14:04:19","modified_gmt":"2018-05-26T07:04:19","slug":"ridiculously-complex-top-financier-blasts-uks-biggest-fund","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ridiculously-complex-top-financier-blasts-uks-biggest-fund\/","title":{"rendered":"\u2018Ridiculously complex\u2019: Top financier blasts UK\u2019s biggest fund"},"content":{"rendered":"


\nA Standard Life fund that holds nearly \u00a320bn of Britons\u2019 cash should not have been sold to the public, says Alan MillerIt\u2019s the biggest single stock market fund in Britain, holding nearly \u00a320bn of small investors\u2019 cash. Yet while the FTSE 100 has soared, hitting a record high this week, the fund, managed by Standard Life, has made nothing for investors for five years. Now Alan Miller, husband of anti-Brexit campaigner Gina Miller and a senior figure in the fund management industry, is calling it \u201cpotentially one of the greatest mis-selling scandals in the UK\u201d.The fund is called Standard Life Global Absolute Return Strategies (Gars). It was launched in 2006 with a golden promise \u2013 a hedge fund for the masses that would make 5% a year more than savers would get from bank accounts and, crucially, without the usual volatility of the stock market. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018Ridiculously complex\u2019: Top financier blasts UK\u2019s biggest fund<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Standard Life fund that holds nearly \u00a320bn of Britons\u2019 cash should not have been...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-89572","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-niI","jetpack-related-posts":[{"id":69876,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-commits-20bn-to-new-50bn-blackstone-fund\/","url_meta":{"origin":89572,"position":0},"title":"Saudi Arabia commits $20bn to new $50bn Blackstone fund","date":"October 24, 2017","format":false,"excerpt":"\r \r \r Source : ft.com\r Read more...Saudi Arabia commits bn to new bn Blackstone fund","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dont-panic-yet-the-brexit-vote-has-had-a-surprise-effect-on-pension-funds\/","url_meta":{"origin":89572,"position":1},"title":"Don\u2019t panic \u2013 yet. 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