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Weekly Updates

John Lappin

Our Industry Commentator with his top news links each week.

IMF warns about end of global economic system

The IMF has warned that the world economic system could be torn apart by the ongoing trade war.

Maurice Obstfeld, economic counsellor at the IMF, said: "The first shots in a potential trade war have now been fired.

"The multilateral rules-based trade system that evolved after World War II, and that nurtured unprecedented growth in the world, economy needs strengthening. Instead, it is in danger of being torn apart."

And just to brighten things up, the articles suggests that Germany could head into recession as well.

The FCA has written to MPs on the Work and Pensions select committee telling them that IFAs are not providing DB specialist firms with the right information to support pension transfers. The collective reputation of IFAs takes another knock.

The ABI’s boss Huw Evans says Brexit deal is taking too long to negotiate.

Interesting column from Robert Reid in which he worries about the standards of social media comments and says IFAs should be careful not diminish the profession with their online behaviour.

The Government confirms it will not revive the idea of a second hand annuity market, which is certainly good news. 

Openwork has won a court appeal against one of its advisers over a clawback dispute. The well written story is certainly one any network members should take notice off.

An investment in Benevolent AI looks like it is paying handsomely for Neil Woodford.

Mark Carney says a May rate rise is not a done deal.

Citywire looks at the implications of the big jump in oil prices. IFAs may need to ask themselves, are these dark clouds for the global recovery?

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