America’s $40trn debt milestone is already narrowing the choices available in Britain’s October Budget. Advisers should watch how that pressure travels from the bond market into mortgages, tax and client plans, writes Phillip Wickenden.
Points to recent tax legislative changes
Notes potential for further acquisitions
Interest far exceeded expectations
Resurgence in interest over the past few months
'Innovation, as ever in financial services, starts by looking in the rear-view mirror'
Tax changes and intergenerational planning driving adviser demand for wrappers