A very interesting tale this week from Laura Purkess at Citywire New Model Adviser.
This is quite a standfirst -
"The closure of SJP's property fund has led to clients trying to surrender investment bonds being unexpectedly hit with inflated tax bills. I know this because my grandparents were affected."
A thorny tale that's worth a read.
The FCA is examing how Consumer Duty cann be applied to crypto. Sounds like quite a challenge it has set itself. FTAdviser reports.
David Ferguson offers some hard truths for the platform sector. Writing in Money Marketing he writes: "Our platform market remains in disarray – and not for cyclical reasons. Ageing technology, broken business models, misaligned shareholders and increasingly anaemic organic inflows have combined to create a market that is persistently failing to move forward."
Gosh!
Another firecracker of a view also in MM.
Advisers should consider putting “not having a state pension” into younger clients’ spreadsheets as an option, as it may not exist in the future says JP Morgan Asset Management chief market strategist for EMEA, Karen Ward, speaking at the Let’s Grow conference hosted by Parmenion.
Feels politically difficult, though it is clear the Triple Lock may be on it's way out eventually.
Professional Adviser reports that markets remain tense after President Trump's various demands and speeches in the website's useful Live Blog.
