While the direct impact of Japan's new Reiwa imperial era on markets and the economy will be minimal, the psychological significance is important.

Amid an accelerated pace of disruption that has transformed industries, understanding the economic and market impacts is imperative.

Today's advisers must take account of many more risk factors when analysing suitability such as illiquidity and inflation risk. That requires more transparency around fund process and due diligence

Ashutosh Kumar analyses the performance of the IMA £ High Yield sector

Richard Thomas, manager of the Jupiter Ecology fund, tells Cherry Reynard how he thinks the vehicle has withstood trying economic conditions and the part energy efficiency has played in its success