View more on these topics

Brexit survival food and five-star Smith: The Wells Street Journal

A weekly account of the curious goings-on in the world of financial services

The temptations of freeze-dried Brexit survival food
WSJ is fast losing energy in the lead-up to 29 March and is very pleased to be able to report a Brexit survival kit is now on the market.

The £295 “Brexit box” is the brainchild of Leeds businessman James Blake and contains enough rations to last 30 days.

More than 700 boxes have already been sold, with owners able to enjoy much-loved British foods that have the possibility of being under threat in a no-deal situation.

The box contains 60 freeze-dried portions of chicken tikka, chilli con carne, macaroni cheese and chicken fajitas. Firelighter liquid and an emergency water filter are also included. WSJ might put in an order and slip away early…

Too Smithy, Too Furious
Earlier this month, Fundsmith boss Terry Smith hit back at Hargreaves Lansdown after he failed to make the platform’s new slimmed-down list of top managers.

Not among the now 50-strong list that was previously the Wealth 150, Smith said managers were chosen if their charging structure lent itself to Hargreaves’ profitability.

In a newspaper last week, however, Smith hit back again, toasting the performance of his flagship Fundsmith Equity Fund, which has returned 270 per cent over the past nine years.

A mocked-up movie poster featuring a suit-clad Smith has worked its way on Twitter with the apt title Fundsmith Equity Fund.

The movie claims five stars for “impressive returns” and for “top sales charts”.

WSJ is impressed but also feels too much time was spent on this.

Out of context

‘This has all been arse about face’
Cicero Group’s Iain Anderson has his say on Brexit

‘My client meeting will be a bit stinky’
Wingate Financial Planning’s Alistair Cunningham heads to a meeting after eating an onion bagel

‘Keep your powder dry’
Former IFA Harry Katz shares his pre-Brexit plan

‘Would Jeremy Corbyn seek to nationalise SJP?’
Tatton head of communications Roddi Vaughan-Thomas asks the question we were all wondering

Separated at birth

MP Dominic Grieve

AdviserAsset director Colin Turton
Send your suggestions to @mm_wsj.

Recommended

Appeal-Court-High-Court-Building--700x450.jpg
5

Sipp provider to appeal FOS court victory

Embattled Sipp provider Berkeley Burke is appealing a ruling saying it failed to vet unregulated investments for one of its clients. Last year, the High Court heard a judicial review in a longstanding dispute between Berkeley Burke Sipp Administration and the Financial Ombudsman Service. In the judicial review Judge Jacobs upheld a 2014 FOS decision […]

3

What is the average salary for a UK financial adviser?

Research shows average total earnings for employed financial advisers reached £93,100 in 2017, up from £81,500 in 2016. For self-employed financial advisers, the figure was up nearly 4 per cent year on year to £89,100.  Around 500 advisers and 150 paraplanners took part in research led by recruitment consultants BWD alongside Money Marketing, taking the […]

8

FCA to pay out to banned IFA

The FCA has been ordered to pay out to the ex-chief executive of collapsed IFA Tailormade for the regulator’s conduct during a case against him. According to a decision from the Upper Tribunal, the regulator caused a delay to proceedings in a case in which Alistair Burns was accused by the FCA of pension transfer […]

4

FSCS levy hike backlash throws doubt on FCA supervisory control

The FCA may not have taken enough stringent analysis to determine why its incoming £240m levy for the pension and investment intermediation class is necessary, says Pimfa. The adviser trade body has spoken out against the 2019/20 levy proposed this week in the Financial Services Compensation Scheme’s budget. The levy – set to cost advisers […]

If it doesn’t consider ESG factors, it isn’t credit analysis

Head of Credit Research, Martin Foden shares his views on the importance of a sustainable approach to fixed income investing, believing that if environmental, social and governance (ESG) factors aren’t considered, it isn’t credit analysis. He also explains why it is vital to understand how ESG can impact different asset classes. Read Martin’s full thoughts […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com