Five things your clients will call you about this week

Terry Smith A year on from the launch of his low-cost, commission-free equity fund, and Terry Smith appears to be delivering on his big promises. As the Guardian reported, Fundsmith Equity is enjoying a year-on-year gain of 6.4% at a time when the 2,300 funds investors can choose from have delivered an average loss of 11%. Around £200m has already been invested into the fund and Smith remains critical of other managers for trading in and out of shares too quickly and driving up costs. His fund stripped out trading costs. Surviving the credit crunch It seems to be a foregone conclusi...