Manager Simon Edelsten sold China at the right time, so has cash to spend on opportunities created by the turmoil.
I tried recently to explain the virtues of cash to a hall full of financial advisers. It was hard going. Not least because some seemed determined to misunderstand me and then argue against not what I had said but their misunderstanding of it. Sigh. So, here goes again… Cash has its place. Not just for […]
Providers, advisers and politicians are calling on the Government to investigate how a Citizens Advice delivery centre was able to use Pension Wise-funded staff for non-pensions work. Earlier today, Money Marketing revealed how the Derbyshire Districts branch redeployed staff funded by a £35m a year levy on financial services firms and advisers. Citizens Advice says […]
Earlier this year, the FCA published a lengthy article comprising feedback on a call put out to regulated firms for examples of where they considered it had “acted in a retrospective manner”. This exercise arose from an awareness at the regulator that firms often considered it had retrospectively moved the goalposts. According to such firms, […]
The Government is considering “rationalising” the guidance services offered by the Money Advice Service and Pension Wise to reduce duplication between the offerings. Currently, pension guidance is provided through Citizens Advice and the The Pensions Advisory Service in the form of Pension Wise, while the MAS also publishes retirement savings information on its website. In a […]
Macroeconomic matters are less significant for stockpickers, says fund manager Philip Wolstencroft. The companies in his portfolio are growing reliably and stand at a 20 per cent discount to the market.
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The FCA has warned consumers a clone firm of Rathbones Investment Management which has been operating under the name of “Rathbones Brothers”. According to the FCA, fraudsters are using or giving out the details under the name of the UK wealth manager with a false email, website and phone number. The FCA warns that scammers may […]
The more clarity people have on what makes them fulfilled, the happier they will be. So what is the advisers’ role?
While autonomy and freedom of choice are critical to our wellbeing, there is a glitch: namely, our freedom to choose that which is not in the interest of our wellbeing. Hence the value in strong and clear advice. Back in the Garden of Eden, God pointed out the risks involved in investing in apples, given […]