by Stuart Fowler | Jun 29, 2017 | Miscellaneous
The FCA wants to intervene to strengthen weak price competition in asset management. But it’s inherent in competition driven by investors playing a performance game. What intervention can change that? Not much, we say. But change is on the way even without the FCA....
by Stuart Fowler | Jun 22, 2017 | Miscellaneous
There was disappointment the FCA did not address ‘contingent charges’ in its DB transfer advice paper. This was never likely. It’s not specific to DB transfers and it’s already in the handbook. It’s a normal commercial source of conflict. It’s far from the only...
by Stuart Fowler | Jun 21, 2017 | Miscellaneous
Today’s FCA proposals for new requirements for advice on Defined Benefit (DB) pension transfers are of much wider significance than that. It’s as if the regulator was comfortable bumbling along with a general approach to investment projections and suitability...
by Stuart Fowler | Jun 12, 2017 | Miscellaneous
Here is what we said to clients on Friday after the Election about how a hung Parliament (and hung Brexit talks) will affect how we invest. We know exactly what to do but know nothing about what will happen next. The realism of our agnostic model of short-term...
by Stuart Fowler | Jun 1, 2017 | Miscellaneous
We don’t want to give up control of our money but we trust the internet to guide our own control. But about as many do not trust technology at all and so may be the same people who overwhelmingly trust their own bank as the preferred source of the information or...
