FCA not yet done with DB transfers

After collecting data from all transfer specialists in the market, the FCA is ‘concerned and disappointed’ with the number of transfers from Defined Benefit to Defined Contribution pensions and is promising further action. Why is the data either surprising...

You can’t trust the experts to pick winners

It’s one thing for ordinary individual investors to fall into the trap that good past performance makes it look like a fund manager has got star quality. Private investors’ long-time favourite Neil Woodford, Britain’s answer to Warren Buffet, has well and truly sprung...

Surviving a Marxist experiment

In a new paper we address clients’ questions about the possible consequences of a Labour Government able to force through an overt or hidden Marxist agenda, together with possible mitigating actions. Read the paper . From the Introduction “Fowler Drew’s...

Rough justice: why (and when) we use ombudsmen

We have rarely seen the advice community as incensed as by the recent FCA-mandated decision to increase the Financial Ombudsman Service (FOS) maximum award from £150,000 to £350,000, to embrace the larger size of awards arising from transfers from Defined Benefit...

Opting out of the active-management problem

What are we to do about Neil Woodford’s shockingly bad performance? One answer, and possibly the only important one: don’t put yourself in this position again. Opt out of active management altogether and go passive. Many investment ‘stars’ over the years have...