The size of the cash market in the UK is huge and is growing amid the uncertain market backdrop, yet advisers are missing an opportunity to offer cash as a haven with a respectable rate of return, says Flagstone's Simon Merchant
Solving the problem of inertia in cash gives opportunities to both advisers and their clients, say Flagstone's Claire Jones and Grovewood Wealth Management's Lynne Gadsden.
For many advisers, the PROD regulations (‘Product Intervention and Governance Sourcebook’) introduced by the FCA with MiFID II have sneaked in under the radar. The regulations were introduced in January 2018 and to date many advisers are still unsure of their ability to evidence compliance with these new rules.