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Platform sales sink to two-year low

Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]

Chris Gilchrist: The problem with managing to volatility

Advisers deal with people who have capital. For the vast majority the prime concern is not losing their capital. As people get to grips with the consequences of increased longevity and lower-for-longer interest rates, this is becoming more important. In decumulation, a serious market downturn can wipe you out in a way that it simply […]

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Tenet warns on cost of Mifid II to networks

Tenet is concerned networks may face high regulatory fees to pay for Mifid II if new levies treat them as one business rather than many. In a consultation paper released last month the FCA said it planned to recover its costs of implementing Mifid II in 2018 by introducing a levy on the relevant firms’ […]

Graphic Content – August

Given the release of employment data from the US on 5 August, we wanted to focus on employment data in this month’s Graphic Content. The Graphic Content below shows us that young and middle-aged workers were hit the hardest by the Great Recession and have never caught up. Since the job market started to recover […]

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