As 2023, a year of financial volatility, industry-changing regulations, and geopolitical turmoil, draws to a close, PA speaks to four financial services experts on the key concerns haunting the financial advice community this Halloween...
Capital Group head of UK financial intermediaries Chris Miles Cash might soon lose its appeal, which is spooking financial advisers as their clients hold onto it. Geopolitical uncertainty, market volatility, and attractive yields - a roughly 5% yield (based on the benchmark three-month US Treasury) - have made cash investments compelling in the current environment. However, the benefits are being eroded by today's moderate inflation. Similarly, UK gilts have become attractive for investors; however, we believe it is important to begin deploying that cash and diversifying one's e...
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