Investment

Brent crude had fallen 13.1% to below $95 per barrel

‘That could add cost without improving outcomes’

Up from £79.97bn in 2024

Increased risk of interest accruing on IHT

Up from 110,000 the previous year

Quality investors have no doubt had their conviction 'severely tested' of late

'It's a complex backdrop for investors'

Takes tiered pricing approach

Follows 'substantial debate' over regulator's role

'This is a year for careful, defensive positioning'