European proposals to curb bank bonuses will lead to higher salaries and a less stable financial system, Britain has argued, in a last ditch attempt to water-down rules that threaten the City.
Market Perspective is the new name for our Asset Allocation Report. The reason for the change is straightforward: we cover more than just asset allocation, and the new title reflects our broader horizons.
After all we had ten years of boom and thus, as is usual with such cycles, we shall have ten years of lean (as in meat – horse or otherwise).
Even so, investors must guard against the wealth-eroding effects of inflation. Real assets, not inflation-linked bonds, are the solution.
Will the OECD plan solve the problem? We don’t think it will, but it’s a step in the right direction. We summarise the issues and consider how the UK positions itself on international tax developments.
Carried out between March and September 2012, the exercise revealed one in four customers was given poor advice, with as many as one in ten being given unsuitable advice.
Heavily indebted ‘zombie’ companies continue to stalk the UK commercial property market. It will take time, and more importantly growth, to clear them away. But we believe patience will be rewarded.
As a result, many asset managers, including some of today’s market share leaders, may struggle with shrinking revenue and a decaying book of legacy business