Charlotte Richards wonders if fund buy lists are still important
MM Meets
Caroline Rainbird – The Financial Services Compensation Scheme chief executive talks to Michael Klimes about the lifeboat fund’s busiest period since the financial crisis
Features
Social media platforms make investment accessible but also risky, says Charlotte Richards
Amanda Newman Smith looks at the financial services cases that have made it to an employment tribunal
What’s the right way to run an advice firm remotely? Amanda Newman Smith investigates
Special report
Anna Sofat: What clients think about Covid debt
By Anna Sofat 20
th April 2021 7:38 am
Estimates suggest that the UK’s Covid debt stands at around £400bn, and we must assume the government will be seeking to recover the deficit through taxation.
I say ‘assume’ because neither the recent Budget nor the subsequent Tax Day provided much detail on what this will look like.
However, as we know, how clients feel about their financial circumstances is often the driver of their behaviour and decision making, so capturing their mood at times like this is important.
With this in mind, we recently undertook a survey to measure public opinion on Covid debt. One of the key findings was that people think we will be living with the economic impact of the pandemic for a long time to come. On average, respondents thought it would take 35 years for the country to pay off the balance.
20
th April 2021 8:40 am
Good morning and welcome to your Morning Briefing for Tuesday, 20 April, 2021. To get this in your inbox every morning click here.
Transact triumphant
Advisers placed more than £2bn with Transact during the quarter ended 31 March 2021, which resulted in the platform’s highest ever quarterly gross and net inflows.
The platform closed the period with £46.9bn funds under direction. It says this was driven by advisers’ positive reaction to price reductions announced in December last year.
In her latest column for
Money Marketing, Progeny Wealth associate director Anna Sofat outlines why it’s important to take the mood music on what clients think about Covid debt.
Anna Sofat: Will we see a slower pace of life post-lockdown?
By Anna Sofat 17
th March 2021 12:43 pm
It finally looks as if this state of suspension we have found ourselves in for the past 12 months is nearing its end. Hopefully we will all be able to emerge into what will be one of the most memorable summers in our collective memory. But the government is rightly urging the nation to take a cautious and measured approach as we progress along this road, for fear of falling back again and making the same mistakes as last year.
Aside from the medical considerations, I’d also like us to slow down as we approach the end of lockdown, as it is an opportunity to reflect. We don’t reflect enough in our personal and professional lives. We must take an active approach to learning from our actions, from both what has worked and what has not. The notion of ‘failing fast’ always felt like denial to me, or moving on too quickly like failing, but also fa
If the profession is to attract women clients and unlock their untapped pool of wealth, it first needs to do more to appeal to female advisers. Our investment reporter Daniela Ešnerová examines the issues.