George Osborne’s pension freedoms may have created a dash for cash by retirees, but advisers might want to focus attention on the tail-end of his changes – the ability to cascade cash down the generations.
I’ll not waste time with the more obvious holes in this rather uninformed collection of stereotypes: IMA stats lag not lead, asset allocations differ by respective weights not constituents, normal distribution of
Philip, in the short paragraph referring to your comment, the biggest word I used was ‘Relationship’. You implied the industry had failed customers, and my point was I agreed; the saving grace was the ability of
A laudable aim, Alistair, for sure. I am reminded of the fund management rejoinder “Exceptional results are the exception by definition”. They can’t all be great, and in the same way advisers won’t all be
I am reminded of “Have I Got News For You”, and the “Guess the missing word from this headline in ‘Plastics Extrusion Weekly'” section. We shouldn’t be surprised that ‘civilians’ couldn’t care less about the
I think “As everyone knows” translates as “In my experience it is the received wisdom”. In my 37 years in this intermediated business,with Fund Groups, Life Companies and Platforms, there is much in David’s
The industry does seem to emphasise the ATR questionnaire rather more than the risk discussion which is supposed to follow it. Many ATRs I’ve seen carry arguably irrelevant questions (e.g. “How long do you expect