The Bank of England has kept interest rates at 5.25% amid speculation and hopes that rates have peaked.
ThisisMoney considers what it describes as ‘the interest rate pause’ will mean for consumers while the Financial Times mulls how long rates will stay high.
Clearly one driver was the fall in CPI inflation in August to 6.3% just prior to the decision as the Guardian reported but it was also due to signs of falling business activity.
The chair of the Protection Distributors Group Neil McCarthy says it wants clarity from the FCA on where protection will sit in the advice guidance boundary review.
FTAdviser reports that advisers are moving clients off the Embark platform amid service concerns.
Rathbones’ merger with Investec W&I has been completed, creating one of the largest discretionary wealth managers in the UK, with £100bn in combined assets. It will operate under the Rathbones brand as Professional Adviser reports.
The FCA is to launch a crackdown on workplace misconduct following allegations of sexual harassment against the hedge fund tycoon Crispin Odey as the Sunday Telegraph reports.
Rishi Sunak has delayed some net zero commitments as Corporate Adviser reports but it is interesting to see the same title report industry views that it may not have an impact on pension trustees according to consultancy Independent Governance Group.
To quote the story - IGG says trustees are less adaptable than the government when it comes to climate change regulations, but are obligated to modify their investing approaches in response to the financial effects of climate change.”
The current situation regarding advisers and ESG feels a lot more up in the air, whatever national pledges are made or watered down.
The following may actually be a paid for piece of content, but the question asked by Royal London – how can the protection industry help minimise the strain on the NHS? Is certainly pertinent.
