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