JPM: Advisers' biggest concern is fixed income markets

Mike Parsons said the "biggest story" in the advice world is that, despite the doomsayers in the run up to the RDR, firms that restructured well in advance of the 31 December 2012 deadline are saying business has "never been so good". However - after thirty years of a bull market in bonds - keeping advisers up at night is fixed income markets, he said. This is amid ongoing talk of a global bond bubble as ultra-low central bank short-term interest rates combine with massive amounts of quantitative easing and regulatory-driven purchases of government bonds by financial institutions. ...