How to protect your clients' assets against inflation

Inflation, Milton Friedman’s “old, old disease” is anything but a new problem. At present, however, the venerable economist’s ‘taxation without legislation’ is hitting the headlines because it has remained stubbornly above expectations for quite some time. In fact, while the Bank of England targets an inflation rate of 2%, this figure has more than doubled to 4.5% and is expected to drift even closer to 5% by the end of this year. There are a number of reasons for this sharp rise. Commodity prices, considered by many as a bellwether for inflation and a direct input cost, have been climbi...