MM – Analysis

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Boom time: Why adviser pay packets are soaring

A flagship report has given advisers cause for optimism as salaries across the profession reach record highs with no signs of slowing down. Around 500 advisers and 150 paraplanners took part in research led by recruitment consultants BWD alongside Money Marketing, taking the measure of how pay packets vary by a whole range of factors […]

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How are fund managers responding to gold price slump?

Traditionally considered a safe haven asset, gold is now becoming a questionable investment after the price saw its largest drop in the past five years. On 20 July the gold price plunged to $1,090 per ounce from $1,108 per ounce, it’s largest single day drop in five years. It continued falling during the week, marking its biggest […]

Aviva’s Samouilhan cuts US exposure and boosts European holdings

Aviva Investors multi-asset manager Nick Samouilhan has significantly reduced his US equity exposure, as he sees a stronger dollar hitting large caps’ earnings, and is more positive on European companies, both in the equities and fixed income space. “We expect a strong dollar this year, and that would naturally mean that US large companies will […]

Asset allocation: Brooks Macdonald’s Gumpel on the defensive

Brooks Macdonald co-manager Jon Gumpel’s first priority is playing it safe amidst market uncertainty. His £194m Defensive Capital Fund, which he runs with Robin Eggar, aims to provide the stability of bonds while maintaining exposure to potential equity upsides. The adjective “defensive” on the fund is to give investors a clue of what the team […]

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Deflation: a temporary blip or longer-term threat?

The UK, like many other developed economies, has been experiencing periods of deflation, disinflation and ‘noflation’ leaving many uncertain when prices will normalise or grow again. Last week’s Office for National Statistics data showed that the consumer prices index fell by 0.1 per cent in the year to April 2015, dropping year-on-year for first time […]

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Tales from the frontline on pension freedoms

It has been noticeably quiet for us on the pension front since the reforms were introduced. It appears consumers have heeded the various warnings to avoid rushing to make decisions. We expect to advise a large number of clients on pension freedoms over the next three to five years but hopefully these will be on a […]

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Ambitious landlords fuelling rise in remortgage business

Competitive rates and ambitious landlords are driving a growing focus on remortgaging among buy-to-let lenders, according to experts. Figures issued by broker Mortgages for Business show that 66 per cent of buy-to-let loans were for remortgages in the first quarter of 2015, up from 62 per cent at the end of 2014. Remortgages have now […]

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Investment analysis: Are we seeing a strange new world for the bond market?

The combination of low inflation growth and excess liquidity following the ECB’s quantitative easing programme has distorted bond valuations, with some short-duration instruments now offering negative returns. At the beginning of March nearly $3.85trn (£2.56trn) or 17 per cent of developed market global government bonds traded at negative yields, according to Columbia Threadneedle Investments. In […]

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Cover story: And they’re off

Almost three weeks on from pension freedoms finally “going live” we have just about enough information to see that the stampede to strip pots of cash originally feared has not transpired. Certainly the Government’s Pension Wise service has not been put under the strain first expected. A total of 1,800 appointments were booked by the time […]

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Profile: Openwork’s new chief on the dearth of advisers

When Openwork chief executive Mark Duckworth speaks about the drop in adviser numbers since the late 1980s the figures sound astonishing: 285,000 advisers serving a UK population of 50 million in 1989, compared with 23,000 advisers available for 64 million people today. Put another way, there are currently around 200,000 consumers for every adviser when, […]

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Profile: Old Mutual Wealth’s Carlton Hood on the right way to deliver vertical integration

If you meet Carlton Hood, Old Mutual Wealth’s customer director, don’t mention meerkats. Hood was chief executive of the price comparison website Confused.com when rival firm Compare The Market unleashed its popular ‘Compare The Meerkat’ advertising campaign in 2009. “That was the biggest challenge of my career,” he jokes. On a more serious note, Hood […]