The additional stake of £27.3 million brings AMP Capital’s total holding in Thames Water to £144.3 million.

AMP Capital Head of Infrastructure Europe Boe Pahari said the Thames Water asset is well known to the team as it had been managing a stake in the asset since 2006.

“AMP Capital and the European team have extensive experience in the UK regulated environment and has advanced knowledge of the Thames Water asset having been an investor for more than five years,” Mr Pahari said.

“The increased stake in Thames Water aligns with AMP Capital’s strategy of meeting its target return levels and holding core quality infrastructure assets of a critical size that we are able to actively asset manage.

“The additional stake aligns with our strategy to increase value for investors,” he concluded.

Established in 2005, SITE invests in a portfolio of diversified infrastructure assets in the United Kingdom and Western Europe. Total European funds under management held by AMP Capital is £563.2 million.

SITE offers access to a diverse range of infrastructure sectors, including energy/utilities, transport and social infrastructure. The Fund currently holds seven investments: Angel Trains, Alpha Trains, Compañía Logística de Hidrocarburos (CLH), Wales and West Utilities, Kenyeri Hydro, BAA Toggle and Thames Water.

SITE continues to implement its investment strategy and is currently working on a pipeline of attractive opportunities for the benefit of investors.

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MLC Wrap leverages the strengths of the Navigator and MasterKey Custom platforms, creating a platform which is rich in functionality and investment options.

MLC Wrap offers a diverse investment menu, with an integrated separately managed account service and a complete solution for self managed super fund (SMSF) investors.

Furthermore, the platform is underpinned by Navigator’s award winning technology, n-link.

Executive General Manager of MLC Investment Platforms, Michael Clancy said, “MLC Wrap is built on award winning platform technology which provides financial advisers with comprehensive reporting capabilities and online straight-through processing.

“It also has an extensive range of Adviser Service fee options, enabling advisers to collect fees for advice in the way that best suits their business model.  Options include charging flat dollar or asset based fees, indexed and tiered fees.

“In a world where advisers are transitioning to fee for service, offering flexibility in the way these fees can be collected is a critical platform capability and MLC Wrap offers the most flexibility in the market.

“With its sophisticated technology and extensive investment menu, MLC Wrap is the most feature packed platform currently available for sophisticated and high net worth investors,” Mr Clancy said.

MLC Wrap’s features include:

• An extensive range of investment options including more than 300 managed funds, ASX listed shares and other listed securities, such as exchange traded funds (ETFs), listed investment companies (LICs), interest bearing securities and instalment warrants.
• A selection of eight direct share portfolios within a separately managed account.
• Access to term deposits and a high interest cash account.
• An SMSF solution for the establishment and ongoing management of a client’s fund, including an extensive compliance and administration service.
• Access to personal insurance and margin lending products with the ability to tax effectively pay insurance premiums from a member’s super or SMSF account.
• A simple, competitive and transparent pricing structure across superannuation, investments and self managed super products.
• A flexible range of adviser service fee options including flat dollar or percentage based fees with multiple variations on how these fees can be applied.
• Award-winning technology that provides advisers with easy-to-use online solutions and real-time information, making it easier for advisers to manage clients’ investments and run their business more efficiently.
• Sophisticated portfolio management and tax optimisation tools, real-time workflow tracking and comprehensive client and business reporting functionality.

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Aviva Investors Direct SMA product offering was developed following extensive consultation between Aviva Investors and key stakeholders.  Overwhelmingly, advisers called for a product that took into account the regulatory and fee pressures being placed on their businesses. In particular, emphasis was placed on providing advisers with a wholesale priced, direct share offering for their individual retail and SMSF clients.

“Aviva Investors has developed a product offering that meets the needs of investors and has provided more transparency, at a lower cost to clients. The response since being launched late last year has proven the gap in the market for this type of product,” said Aviva Investors Head of Retail, Andrew Peterson.

“The Aviva Investors Direct SMA product provides the SMA benefits of transparency and tax effectiveness, via two low cost, actively managed portfolios designed to integrate into an adviser’s business.  From the response we have received, it is obvious these offerings resound with investors,” Mr Peterson said.

SMAs provide investors with beneficial ownership of the underlying stocks in the portfolio and investors therefore receive many of the benefits of direct share ownership – along with the advantage of having their individual accounts managed by a professional investment manager.

As part of the Direct SMA offering, Aviva Investors provides access to two equity model portfolios. The Dividend Builder Model Portfolio designed for income focused investors and the Core Opportunities Model Portfolio designed for capital growth focused clients.

The Dividend Builder Model Portfolio:

• Low turnover, high yielding portfolio – well suited to the SMA environmentAviva, investment, investment
• Emphasis on securing franked income and minimising stock turnover
• Benefits from a large, well resourced and experienced investment team
• Invests in high yielding Australian shares that will grow their dividends over time
• Low management fees

The Core Opportunities Model Portfolio:

• Invests in an unconstrained portfolio of top investment ideas
• Concentrated portfolio of 15 to 25 stocks
• High conviction, large-cap focus
• Low management fees
• Targets high levels of capital growth for long term investors

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