Bento Bulletin

Please find below the most recent articles from our Panacea Bento Bulletin.

To read articles from a previous issue, click on the issue number which will open up a full list. Click on an article's link to read the full story.

Those article links with an asterisk next to it (*) denotes that issue's lead story.

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Bento 1090: Man and machine: mapping risk better together
15 Oct 2019

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In Above-average companies, below-average prices, we walked through valuation and fundamental measures for the Global Equity Strategy, highlighting a few “clusters” of ideas. We believe that perspective is important. To assess a portfolio’s return prospects, looking at fundamental and valuation metrics is vital. But to assess a portfolio’s risk, another angle is also useful: how our holdings behave.
 
 
   
 
 
 
 
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Cities are becoming more important than countries, with their success determined by innovation, efficiency and the clustering of industries. What does this mean for investors?
 
 
   
 
 
 
 
 
 
 
Research from FundsNetwork shows that business management issues, such as training new staff and succession planning, are a key challenge for over one quarter of financial advisers. So, to help you in these areas, they’ve pulled together some practical hints and tips.
 
 
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Your 75th birthday is fixed when you’re born. But in the pensions world it’s changed a lot. 
 
 
 
 
 
 
 
 
As a part of our annual review of our Critical Illness Level Term Star Rating, we look at the market developments in the past 12 months.
 
 
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Providing customers with access to a range of confidential support and guidance services, at no additional cost, from the day their policy starts.
 
 
 
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Bento 1089: It's time to spread our wings and fly
11 Oct 2019

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Libertatem had just completed its third successive year of growth. Each year, more members and more income enable us to achieve more. But it's still disappointing when you compare it to our original survey which lead to our formation back in 2015, and the profession's need for a progressive and proactive trade association.
 
 
   
 
 
 
 
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On July 17th, something odd happened in the stock market. Netflix released its quarterly results, reporting that revenue had grown by a whopping 26% year-on-year. That is equivalent to doubling revenues every three years, and it puts Netflix squarely among the fastest-growing 10% of companies globally.
 
 
   
 
 
 
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Brits are on board with investing sustainably to make the world a better place, but impenetrable jargon and complicated processes are preventing them from doing so.
 
 
 
 
 
 
 
 
Phishing is an attempt to gather personal information or to compromise technology for the purpose of financial gain or malicious activities. 
 
 
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The senior managers and certification regime (SM&CR) comes in to force for all solo-regulated firms on 9 December 2019. At Nucleus, we’re running a campaign to help our users get ready for this initiative. 
 
 
 
 
 
 
 
 
What a concerning prospect; the speed in development of technology is such that some believe we are entering a fourth industrial revolution. The first being steam power, the second the application of science, the third digitalisation and the fourth artificial intelligence and machine learning.
 
 
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Central banks globally have turned on the taps, keeping a lid on interest rates and bond yields. In this month’s video, Investment Specialist, Kirsty Clark discusses the recent round of QE from central banks as dark clouds loom over the global economy.
 
 
 
 
 
 
 
 
The number of claims we pay is important to us because we want to pay as many as we can. But a claim is far more than just a payment which is why we have an experienced team of claims professionals who treat customers with empathy.
 
 
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Bento 1088: Industry events all in one place
9 Oct 2019

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All Panacea partners upload their forthcoming events, both live and online, to the Panacea Industry Events board. 

You can easily filter and sort this by type of event, location and date and view all the events you need, all in one place. Over 1,000 advisers have already registered for events this year, in this way, and you can too. Don’t miss out on events to help with improving your knowledge and aiding your CPD.
 
 
   
 
 
 
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Speaking to an underwriter to get an indicative decision ahead of a protection application means both you and your client are fully informed, ensuring a better experience.
 
 
 
 
 
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We have always described ourselves as “contrarian” investors. While many of our best investment decisions on behalf of clients in the past have been at odds with market sentiment, we are also quick to point out that we are never contrarian for its own sake.
 
 
   
 
 
 
 
 
 
 
As DFMs become a more prevalent and important part of platform offerings, providers and advisers need to make sure they ask their chosen DFMs what they want from a platform.  
 
 
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What’s your firm’s cybersecurity strategy? How do you assess the security of your platform partners? Would you know how to spot a phishing attack? 
 
 
 
 
 
 
 
 
Jessica Ground, Global Head of Stewardship, explains why for companies, sustainability is no longer a “nice to have”, it’s an imperative.
 
 
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Illuminate learn was launched as part of our illuminate hub in 2016. We partnered with Redmill Advance to launch an online learning portal. The portal allows people to choose from a range of courses, from personal development or studying for diploma or chartered level exams. 
 
 
 
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Bento 1087: Never give up on your goals
4 Oct 2019

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As I write, it’s now the start of October and I’m thinking where has the year gone? It seems only days ago I was sitting down thinking about what I wanted to achieve this year. I even wrote out my plan and detailed the goals needed to achieve it.
 
 
   
 
 
 
 
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Due diligence requirements continue to mature and evolve for advice firms, especially as we see regulation increase in the form of Mifid II, Prod rules and the FCA’s Investment platform market study. 
 
 
   
 
 
 
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Our new research shows that advisers appear to be much more conscious of fund costs in the wake of the FCAs Asset Management Market study – past performance and cost are now seen as the biggest indicators of fund quality.
 
 
 
 
 
 
 
 
In a long-awaited move for Japanese economists, investors and policymakers, today Japan raised Value-Added-Tax (VAT) – otherwise known as the consumption tax – from 8% to 10%.
 
 
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With the issue of healthcare likely to take centre stage in the 2020 US elections, investors will be watching closely to understand the impact of changes to the industry.
 
 
 
 
 
 
 
 
Please join us from 2pm to 3pm on Wednesday 23 October for our next protection webinar to learn more about the features and benefits of our Diabetes Life Cover. 
 
 
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To date, it has been another interesting year for financial markets. Investors have settled into a scenario of loose monetary policy, which have eased fears of an imminent recession, although volatility remains.
 
 
 
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Bento 1086: How to raise your fees (and have clients willingly pay them)
2 Oct 2019

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Going back over ten years to the early days of my coaching business I remember walking along Piccadilly one day, on the way to see a client one day and, quite by chance, I bumped into my friend Jamie who is also a business and corporate coach.
 
 
   
 
 
 
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We’ve been running our successful illuminate proposition since 2015. It’s an online hub designed to help advisers build and share knowledge in areas that are vital to the successful development of their business. It’s designed to complement illuminate live events that we held across the country each year. 
 
 
 
 
 
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Retiring at 60 is a relatively new concept, and possibly a short-lived one in our history. As populations age – and age better – people are looking at a host of ways to stay in work and sustain their retirement income. We present five charts that sum up the changing landscape.
 
 
   
 
 
 
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Lifting the burdensome task of managing client investments from an adviser’s shoulders has an undeniable effect on the structure and goals of their average working week, according to the Rathbones Value of Discretionary Fund Management (DFM) report.
 
 
 
 
 
 
 
 
Explore Aegon’s new flexible business protection application options including a new streamlined online application process, product upgrades, underwriting improvements and more.
 
 
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The dreaded R word is garnering more attention with the US Federal Reserve in dovish mode and bond markets in a state of flux following the recent inversion of the yield curve. Is the economic data ringing any alarm bells?
 
 
 
 
 
 
 
 
Distinct and clearly-defined investment approaches have been stretched and morphed to make sustainable investing appeal to a much wider investor base. But what does sustainable really mean, and how do Mike Fox and his team put it into effect at RLAM (including some stock stories that might surprise you)?
 
 
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Bento 1085: Square Mile: Future of Advice Survey
30 Sep 2019

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Professional advice is key to driving successful outcomes for your clients, and with so many changes in recent times and more to come – regulatory, technological, markets etc, it is important that advisers are prepared for the future.
 
 
   
 
 
 
 
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New threats require new defences. Our head of multi-asset investments David Coombs explains how he’s filling the sandbags to protect his funds against a populist storm.
 
 
   
 
 
 
 
 
 
 
Zurich have commissioned Panacea Adviser and Harris Interactive, a market research company, to conduct research into IFA and Adviser relationships with providers.
 
 
 
 
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Industry sectors from healthcare to finance have caught the technology bug. And we’re no exception - we recently upgraded our online protection service and underwriting technology, but we never forget the human touch, especially at the difficult times when your clients need us most.
 
 
 
 
 
 
 
 
The senior managers and certification regime (SM&CR) is due to come in to force for all solo-regulated firms on 9 December. 
 
 
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As interest rates remain close to rock-bottom levels and retirement journeys become ever-more complex, the need for reliable income solutions has never been greater. 
 
 
 
 
 
 
 
 
The last decade has seen huge developments in sustainability across much of the globe, and this is having a growing influence on the way investments are managed. The key change has been a growing acceptance that applying ESG factors and looking at sustainable themes is beneficial for returns
 
 
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What PROD means for Adviser firms.
 
 
 
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Bento 1084: The key to successful client presentations
27 Sep 2019

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When presenting your financial plan and solutions to a client you want them to be in a highly receptive state and eager to listen to you, don’t you?

But the process begins long before you get to this point. Just recently I had lunch with a friend who was telling me about her latest business project.

 
 
   
 
 
 
 
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Can Chinese companies transfer their work culture to factories in the US and make a success of it?
 
 
   
 
 
 
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The Nucleus Census is our annual temperature check of our platform users, tracking how they and their businesses progress from year to year.
 
 
 
 
 
 
 
 
It may well feel like there is a never-ending stream of rules telling you how to approach client portfolios, but the underlying principles have never really changed.
 
 
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Recent survey data, commissioned by Aegon, suggests that many people have a poor understanding of the trade-off between investment risk and growth potential.
 
 
 
 
 
 
 
 
Seeking to provide smoother investment returns. 
 
 
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The terminology can be confusing – what is the difference between sustainable and responsible, for example? The sector’s newly-fashionable status has led to some blurring of the terminology in the scramble to launch new products.
 
 
 
 
 
 
 
 
Zurich have commissioned Panacea Adviser and Harris Interactive, a market research company, to conduct research into IFA and Adviser relationships with providers.
 
 
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Bento 1083: The value of DFM
25 Sep 2019

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While partnering with a Discretionary Fund Manager is an established investment discipline, there’s been virtually no hard data on how advisers who’ve adopted it have performed against non-adopters. 
 
 
   
 
 
 
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The State Pension is an important consideration when managing a client’s overall income in retirement. Here FundsNetwork examine the differences between the old and new State Pensions and the options open to clients should they wish to boost their entitlement by deferring their State Pension.
 
 
 
 
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This is the second in a series of four of my investment letters dedicated to active management, focussing on some of the key figures involved in the study of market predictabilities. Having last month written about the “father of modern finance”, Eugene Fama, this month I take a look at Yale economist, Robert Shiller. 
 
 
 
 
 
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Disruption is a major theme in stock markets today with companies such as Amazon and Uber challenging the traditional approach to their respective industries. 
 
 
   
 
 
 
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In house or external governance? Multi-asset models or DFMs?  How are retiring clients investing?  Understand the platform investment trends report to find out.
 
 
 
 
 
 
 
 
There are lots of reasons not to invest in Europe. Its economic growth is uninspiring and much of its stock index is made up of bureaucratic corporate dinosaurs. 
 
 
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Green bonds can be a powerful tool for attracting investment in environmental projects, but reforms are needed to promote further growth of the market, argues Colin Purdie.
 
 
 
 
 
 
 
 
Register now for the M&G Meet the Managers live stream on Thursday 26 September to hear from six fund managers who will share their insights on equities, fixed income and commercial property.
 
 
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Bento 1082: Investors must hold bad bosses to account
20 Sep 2019

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After the recent surge in bid activity, culminating in a premium offer for Peppa Pig owner Entertainment One from the American toys giant Hasbro, investors must ask themselves why so many companies are being bid for now, what this signals and how they should respond in terms of corporate governance and portfolio positioning.
 
 
   
 
 
 
 
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Torcail Stewart, investment manager in Baillie Gifford’s Credit team, wants those who are investing in bonds to slow down and take some tips from Island living.
 
 
   
 
 
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Join Phil Butler, Multi Asset Portfolio Manager at M&GPrudential Treasury and Investment Office, for a reflection on market performance across 2019 so far.
 
 
   
 
 
 
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FundsNetwork’s due diligence guide covers the reasons why you can recommend their ISA and Investment Account to your clients. It provides detailed information about our service and commitment, including the investment range, income options, bulk switching and much more.
 
 
 
 
 
 
 
 
The FCA and the Pensions Regulator have published research suggesting five million people are at risk from pension scammers – find out how you can protect your clients from pension scams.
 
 
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As at the end of December 2018, the IA Global Equity Income sector comprised of 56 funds with combined assets in excess of £19bn. 
 
 
 
 
 
 
 
 
Available to advisers through Defaqto’s end-to-end financial planning tool, Engage, Defaqto Fund Reviews combine detailed quantitative and qualitative data to produce an in-depth report on not just fund families but also single funds.
 
 
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With society facing many urgent and complex challenges, deciding who is best-placed to deliver solutions has become an emotive and often political subject.
 
 
 
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Bento 1081: Panacea CPD library
18 Sep 2019

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With so many opportunities for CPD available it's difficult to keep track.

Have you made the most of the CPD-accredited material on offer by our Partner firms? If not you can use the below articles and videos (both structured and unstructured) to ensure you have read and digested material available to you.

 
 
   
 
 
 
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A discretionary trust is one where the trustees can accumulate income or pay it at their discretion. Normally the trustees can choose from a wide class of beneficiaries (excluding the settlor) to whom they distribute the trust funds.
 
 
 
 
 
 
 
 
In recent years, with the market volatility we have seen, there has been a shift in investors’ primary focus from being on return, to being on risk. This document will take a closer look at the multi-asset funds universe and, in particular, risk bound funds.
 
 
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How can employees boost their take-home pay or pension savings through salary sacrifice?
 
 
 
 
 
 
 
 
Please take this opportunity to join David Coombs, Head of Rathbone Multi-Asset Investments.
 
 
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Stay on top of the latest news, read the experts' reactions and access technical support – all through informer.
 
 
 
 
 
 
 
 

Business protection is vital to help a business recover quickly and minimise the impact if something happens to a partner, shareholder or key employee.  In this webinar we'll give you an overview of business protection, the types of cover available and some questions you could ask that’ll help you get started.

 
 
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