President Trump's move to impose tariffs on 100 countries has certainly brought new challenges for asset prices after several weeks of relief.
Investment Week reports on rattled markets while Michael Browne, a global investment strategist at the Franklin Templeton Institute, writing in FTAdviser asks how much of President Trump's new round of tariffs has been priced in.
He also notes the following - "In a recent survey exploring the sentiment of UK IFAs towards US equities, 57 per cent of respondents said they expect an increase in volatility and a decrease in portfolio performance when the US administration lifts the pause on President Donald Trump’s tariffs."
The FT (£) meanwhile discusses what happened when tariffs were imposed in the 1920s and 1930s. Bracing stuff.
Halo Invest has officially launched an investment platform designed to make investing simpler and more accessible, particularly for clients with modest assets and to allow IFA firms to provide lighter touch advice alongside. Money Marketing reports.
Pension Bee has launched a petition calling for 10 day pension transfers as Professional Adviser reports. A little self serving perhaps but advisers will probably be in support.
Retail investors will soon be able to access crypto exchange-traded notes (cETNs), following a regulatory change announced by the FCA, Money Marketing reports.
Slowly but surely, crypto is coming in from the regulatory cold.
LTAFs have now hit £5bn in assets under management according to a new report from Morningstar as New Model Adviser reports.
The Supreme Court has determined that the public are not owed billions in compensation regarding missold car finance, mostly ruling in favour of lenders and banks, as Sky News reports.
However the court sided with one of the claimants, Marcus Johnson, and awarded him individual compensation due to the circumstances in his case. On other points the court overturned a Court of Appeal ruling that the customers had a case.
The FCA has now announced its own compensation scheme. Payments will be in the hundreds not the thousands of pounds. But it could still amount to £18bn. The Guardian reports.
