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Behind the Headlines: Callum Abbot on the UK election and what next for the Trump bump

In this edition of Behind the Headlines, Money Marketing editor Natalie Holt talks to Callum Abbot, fund manager in the UK equities team at JP Morgan Asset Management, about the impact of the UK election on markets and the investment opportunities presented by Brexit and President Trump.

Abbot discusses his forecasts for sterling in the run-up to the election, and how a better majority will stand the Government in good stead for Brexit negotiations.

He also talks about why he goes for value over “glamour” growth stocks, and the nuanced thinking that informs what makes a stock offer value depending on where that firm is in the growth cycle.

Abbot believes “the froth has come off the Trump trade” but says there is still more to run. As for sectors, he is overweight financials and particularly challenger banks, and says people may have been too quick to write off banks and housebuilders post-Brexit.


Alliance Trust Savings tops FCA pension complaints list

Alliance Trust Savings has received the proportionally highest number of complaints among pensions companies, according to the latest FCA data. ATS had 21.6 complaints per 1,000 policies in force, according to the latest numbers for the second half of 2016. A total of 10 in every 1,000 client accounts at ATS complained about investments over the […]


Has the Lifetime Isa failed to take off?

The Lifetime Isa has launched with little fanfare amid criticism the product will only serve the wealthy and disappointment at the lack of initial appetite among providers. The Lifetime Isa went live on 6 April, with those between 18 and 40 able to pay in up to £4,000 each tax year, with contributions qualifying for […]

Guarantees in the retirement income market

Lorna Blyth, Royal London  Do guarantees benefit customers and, if so, when? To answer this conundrum we commissioned Millimans, a global actuarial consulting firm, to conduct an independent review of the UK retirement income market and whether guarantees really do offer customers better value for money. The brief The study was one of the most comprehensive undertaken […]


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