by Stuart Fowler | Apr 7, 2020 | Miscellaneous
Equities are very cheap. Real risk free rates are exceptionally negative. The real-terms risk premium is higher than at typical bear market lows. That’s what a pandemic can do at a time when risk free rates are still represssed by the monetary response to the...
by Stuart Fowler | Mar 31, 2020 | Miscellaneous
This email to clients updated our earlier information on 21st March on the impacts of coronavirus on our modelling of real spending outcomes for their spending plans. This takes into account the extraordinary scale of governments’ intervention in economies,...
by Stuart Fowler | Sep 23, 2019 | Miscellaneous
We show here our opening comments as part of a detailed response to the FCA to its proposed ban on contingent fees for advising on a transfer of a Defined Benefit (DB) pension to a personal pension. You can read our response to CP19/25 in full . This follows a number...
by Stuart Fowler | Jul 19, 2019 | Miscellaneous
Editor’s note: In this article in 2019 we set out the reasoning behind a fee schedule for discretionary portfolio management combining an asset-based element with a flat fee varying only as a function of the nature of the goal and our quantitative solution to...
by Stuart Fowler | Jul 7, 2019 | Miscellaneous
The scale of our transfer activity is not typical (just 19 transfers in 2 years) but the transfer logic and the numbers applicable to it are perfectly representative. The data is a direct challenge to critics of transfers in principle, or even in general, derived as...
