It's our weekly heads-up on articles your clients may have read in the national newspapers over the weekend...
The Carney effect
With new Bank governor Mark Carney providing a boost to the UK stock market by signalling that interest rates would remain at rock-bottom levels, The Sunday Times reported on analysts' predictions the nation's primary index could hit a new peak of 7,100 by the end of the year.
Don't be surprised if clients are taken in by this and similar reports (though how often do analysts really get it right?) and want your take. Read more HERE (requires subscription).
"Thousands of investors are paying over the odds for popular ‘tracker' funds", screamed an article in the Sunday Telegraph at the weekend. In extreme cases, fees on one tracker can be ten times as high as a near-identical fund, creating a costly drag on long-term returns, the article continued.
Our weekly heads-up on the articles your clients may have read at the weekend
Expect some clients to request a breakdown of their portfolios and details of the fees they are paying. Read more HERE.
As investors offload their gold exposure, the smart money is buying into the commodity. That is according to a piece in the Sunday Telegraph. As a sign of declining investor sentiment in the shiny stuff, the World Gold Council said in its latest bulletin that ETFs dumped 6% of their holdings, more than 150 tons, in April alone.
But the article said there were some "seriously credible professionals" currently buying, and your investment clients may want to know if they should too. Read more HERE.
Our house, in the middle...
The Observer went a bit balmy on Sunday with a ‘Who could have seen this coming?' headline, relating to the against-all-analysts'-predictions rise in house prices since the start of the year.
Early forecasts for the market are now looking a bit shaky, with prices up 4%, the article stated, and readers may request your take on the market and whether now might be a good time to sell. Read more HERE.
With HMRC de-listing hundreds of their schemes and The Pensions Regulator hot on their tails, your clients may be aware of pension ‘liberation' fraudsters trying to part pre-retirees from their hard-earned savings. But the cold-calling and email spamming isn't going to stop any time soon.
An article in The Mail on Sunday may wake some clients up to the dangers, but financial advisers have a role to play too in spreading awareness. Read the article HERE.
Avoids paperwork with two-step process
Investment process will use machines
Mark Sterling accused of operating a collective investment scheme without authorisation
'Increasing engagement will only favour those prepared to put in the effort'