The Monetary Policy Committee has been forced to take risks on inflation because of the Government’s fiscal policy, Lord Myners has claimed. Speaking in the House of Lords on Monday, ex-City minister and Labour peer Lord Myners said the recent GDP figures which showed the economy contracted by 0.5 per cent was a sign the […]
Investors are right to be concerned about China’s medium-term future, according to Anthony Bolton, the manager of the Fidelity China Special Situations trust. Bolton says he does not want to belittle investors’ concerns about the country’s one-child policy and the low number of young people growing up to support the economy. According to Bolton, the […]
Asset management firms are reporting pressure to increase their bonus and salary figures to avoid mass talent migration, according to research by PricewaterhouseCoopers. As a percentage of net revenues, compensation costs have increased by 4 per cent over the last financial year. Despite 63 per cent of those polled experiencing a fall in profits over […]
As the anger continues over another huge Financial Services Compensation Scheme interim levy the regulatory authorities fail to prioritise the need for reform. For the second year many small IFA firms are facing huge levy payments, in some cases wiping out significant amounts of profit. Firms already dealing with the demands of increasing qualification levels, […]
Do macro headlines create white noise which impacts market prices? Portfolio Manager at Harris Associates, David Herro, discusses how market volatility can create opportunities to buy good business at a discount.
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]