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Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
25 September 2017
Ratings agency Moody’s has cut the UK’s credit rating to Aa2 citing concerns about Brexit, its fears the UK will not secure a deal and pressure to raise public spending. Will the other rating agencies follow?
18 September 2017
The FCA has approved a wind up plan from the joint administrators for DFM Strand Capital Management with at least some of the roughly £100m invested to be returned to investors.
11 September 2017
We appear to have entered one of those periods when everyone questions Neil Woodford - previously seen most famously over Telecoms, Media and Technology and to a lesser extent banks in recent years.
03 September 2017
Do politics and investing mix? Well the ‘Make America Great Again’ ETF is due to launch in the US and will test the proposition. The Point Bridge GOP Stock Tracker ETF will have the ticker 'MAGA' which as we all know stands for Make America Great Again. It will invest in in companies which have employees or activities which are highly linked to Republican candidates for election to senior positions. Are the President, his MAGA slogan and the Republican party all in the same party? Well that would be one of the gentler questions.
28 August 2017
Could the US government be facing another debt ceiling shut down? Portfolio Adviser reports concerns from a US thinktank that this may be the case. For market watchers, US Treasuries falling due this autumn have already been affected.
20 August 2017
Big news on pension cold calling - the ban which was dropped because of the snap election is to be reintroduced although on a date unspecified. The Sun reports the news along with most national papers.
13 August 2017
Succession has £5.6bn under management and has made operating profits of £2.3million with a turnover increase of 49% to £36.3 million. It also has also made 40 acquisitions to date. Will it meet the £7bn target by the end of the year?
30 July 2017
It’s all been about St James's Place this week, as the firm posts its results in the wake of that Which? exposé.
22 July 2017
Advisers argue first these are historical business practices and questions are asked first about providers who look to be potentially pocketing the trail and networks, who it is suggested, are still taking the trail from retired adviser definitely without the appropriate service being offered. There are grumbles about GAR contracts too.
16 July 2017
Is the regulator trying to put the pension freedom’s genie back in the bottle? The interim retirement options paper frets about a falling away in the annuities market and inertia in terms of consumers ending up in what might loosely called drawdown by default by not changing provider.
09 July 2017
Lee Robertson of Investment Quorum is sceptical of wealth managers’ plans to add advice services while asking why exactly they haven’t been calling themselves asset managers up to now if they haven't.
02 July 2017
IFAs look much cheaper than their restricted equivalents according to the FCA which has released some more numbers from its suitability review. Independent advice with an average upfront fee of 2.81% looks much cheaper than restricted advisers’ 3.57%.
25 June 2017
It is always a little difficult for the trade websites to follow up on merger stories broken by the national papers, but this story certainly has many advisers talking as it is suggested that Standard Life is eyeing a potential merger with Scottish Widows.
19 June 2017
The Financial Conduct Authority is conducting a desk-based study into IFA firms contracting a large amount of DB pension transfer advice. There are currently 54 firms voluntarily restricted by from doing DB business. Is this a disaster waiting to happen or indeed already happening.
11 June 2017
We are cursed to live in interesting times, while IFAs seek to make things as strong and stable for their clients as possible. Yet what does it all mean?
05 June 2017
The Conservative Party is reported to be having an internal argument about higher rate tax and a promise by defence secretary Michael Fallon that it will not rise. It is certainly interesting timing.
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