It has been a very interesting week in markets with falls in the US and markets worldwide meeting the definition of a correction.
The left-leaning Guardian suggests that this is the end of ten years’ of cheap money as it looks nervously to the market’s opening this week. Interestingly on social media, advisers are mostly keeping their heads while all around are losing theirs.
The lost heads probably included investors who backed low volatility in the US.
Professional Adviser reports that nine out of ten risk targeted funds are missing their targets. Not a good look in a period of market turmoil.
Old Mutual’s Jeremy Mugridge attempts to explain why some transaction charges under MiFID II are in the negative.
Zero Support founder Phil Young argues that the problem is that there is too much trust in financial services not too little, which is why things go wrong.
Very popular story this - Aviva’s replatforming sees delays to adviser payments.
The Government has rebuffed calls to compensate the WASPI women in a new Parliamentary debate.
The Pension Regulator and the FCA are planning a joint regulatory strategy with more details to follow in the summer.
Active Wealth offered 64 British Steel pension scheme members transfer advice without ongoing advice reports Financial Adviser.
By way of contrast, Marlene Outrim of Uniq Family Wealth sets out why it can make sense to pay for really good financial planning including of course when considering one of those difficult transfers.
The Bank of England’s Mark Carney suggests that the base rate may rise sooner than previously expected.
Aegon and Pension Bee are rowing over transfer times.
Peter Hargreaves backs two former Hargreaves Lansdown staff who have set up a financial services recruitment consultancy.