Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
Advisers face years, if not decades, of uncertainty in the event the UK decides to withdraw from the European Union. The impact of a “leave” vote is expected to have far-reaching implications spanning the breadth of UK financial services, including regulation, how funds are sold, and ultimately for clients. Now the date for the EU […]
A long-awaited Labour report into pension freedoms has proposed a raft of new measures to protect consumers, including new “safe harbour” decumulation products. The report, commissioned by the shadow work and pensions secretary Rachel Reeves in 2014, will form the basis of Labour’s pension policy. Written by Cass Business School’s Professor David Blake, it targets […]
Architas has increased exposure to high yield and financial bonds across its multi-asset active fund range as it seeks to take advantage of certain oversold asset classes. Nathan Sweeney, co-manager of the fund range, says the extreme sell-off at the start of the year saw overreaction by markets. He says: “As always investors have a […]
The influential Treasury committee of MPs has scaled up efforts to hand it the final say in the appointment and sacking of a future FCA chief executive. The committee wants the power to veto the recruitment and dismissal of the most senior figure at the regulator to ensure its ongoing independence. The Treasury currently has […]
Close to 15,000 people have pushed back against alleged government plans to shelve the pensions dashboard by signing a petition. This week it was reported secretary of state for work and pensions Esther McVey’s was moving to scrap the project. The petition, hosted by 38degrees, has collected 14,377 of a target 15,000 signatures in just […]
Back in May, I wrote about the pressures building in advice firms due to a shortage of highly skilled staff and the consequent costs in recruiting. With Apfa research finding profits from retail investment advice fell 16 per cent between 2014 and 2016, I thought businesses faced a worrying future. But last month’s FCA Data […]
The Pensions Regulator has appointed an independent trustee for the 15 schemes linked to the now shuttered Fast Pensions. Fast Pensions and five connected companies were wound up at the High Court in May. According to an Insolvency Service statement, it is estimated around 520 people were persuaded to transfer a total of at least […]