The big story of the week is likely to be the beginning of the end of the lockdown as announced by PM Boris Johnson though the message has been criticised for being rather mixed up.
Advisers will no doubt be pouring over the detailed guidance when published this morning if they are thinking about a return to their offices. The next question is about meeting clients face to face.
A grizzly tale – a former director of an adviser to British Steel workers is now a director of a claims firm as Money Marketing reports.
Advisers will be furious.
It is the most recently set up advisers which will suffer most from the coronavirus according to long-standing advisers in FTAdviser. There will be individual young advisers rather smarting at the suggestion.
Sesame has launched a bounce back hub for its advisers.
Firms will be given help to identify any opportunities which have been created by the crisis, including how firms can become more productive and flexible.
Amati fund manager Paul Jourdan says that it is a risk to base a strategy on finding a vaccine, though, he says, this area of medicine has progressed most in recent years. He is interviewed here on Citywire.
Quite an interesting story - also on Citywire – the Complaints Commissioner has asked the FCA to look at how PI problems are impacting the market for DB transfer advice.
Interesting to see if there is an FCA response. They may be quite relaxed about the development.
Bailey Gifford’s Charles Plowden is to retire after 37 years. Plowden has been a vocal supporter of active asset management in recent years, notably criticising the "oversimplification" and "flawed analysis" used in coverage of the active versus passive management debate.
Regulators including the FCA and the Bank of England are to lay out a regulatory grid map to outline major regulatory changes to the market. Personally, I think the FCA needs to do its own.
Chris Budd suggests advisers should be using lockdown to review processes to ensure they are making clients happier. There could be call for this.
