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.

If you wish to receive the twice weekly bulletin directly to your inbox, register today.


Show last issues.

Bento 1072: '2020 AND BEYOND' Seminars
22 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 

Keeping up the with changes impacting us is challenging. Increased regulation and complexity everywhere means advisers need to save time whilst still maximising returns for clients.  

 
 
   
 
 
 
 
-
 
   
 
 
South African President Cyril Ramaphosa delivered his State of the Nation address on June 20, having led the ANC to victory in May’s elections. But his administration needs to move fast to address an economic slowdown, argues Bryony Deuchars.
 
 
   
 
 
-
 
   
 
 
The FCA has just published a package of pension-related proposals designed to improve the quality of pension transfer advice and to help consumers get better value from their pension.
 
 
   
 
 
 
-
 
 
 
 
Please join us from 10am to 11amon Wednesday 28 August for our next webinar on income protection.
 
 
 
 
 
 
 
 
Will this summer see a new Europe or the return to the “good old continent"? What are the challenges for our profession and our clients?
 
 
-
 
 
-
 
 
 
 
As your business models evolve in the post-RDR world,and your financial planning processes continue to undergoimprovement, Square Mileobserves that many centralisedinvestment propositions rely onthe use of third-party strategic asset allocation tools.
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Introducing Panacea Adviser
19 Aug 2019

View in browser | Manage my preferences
-

Launched in February 2007, Panacea Adviser is a unique and free resource that supports in the region of 22,000 financial professionals and we are hoping you enjoy what we offer too.

We provide Financial Advisers with free online access to the very latest news, views, tools, research, educational support and business development ideas from product providers and support services all in one place.

The below highlights just some of the great resources you can find on the website but if you don’t want to be part of our community then please feel free to change your preferences or unsubscribe at any point.

Site Benefits
-
Read all editions of our Bento Bulletin, click on one of the categories to view articles by subject or partner firm & read blogs by Panacea contributors.

Read More >
-
Access to this easy-to-use directory of partner tools, calculators, literature, market insights, videos and webcasts are just a click away.

Read More >
-
View all of our partner's CPD-accredited material.  Once read or viewed it can easily be saved into your Panacea CPD library list to refer back to.

Read More >
Partner news
-
Easy access to guides, whitepapers and range of support materials to help you make the most out of your business.
Read More >
-
Filter and sort our massive events listing to see what relevant events are happening in your area and register directly from the site. 
Read More >
-
We have negotiated a number of very special offers for the Panacea community, which can also be shared with your own clients.
Read More >
 
 
 
Panacea Preferences
 
 

When Panacea was set up in 2007 it was with the intention to bridge the gap between Product Providers and Adviser Firms.  This stands true today and as such we will not share your personal information with any other third party except to our partner firms, who have a supporting relationship with the Panacea community, and only where you request it or express interest via our communications and/or website.

If you wish to opt-out of us sharing information with our partners or wish to change any of your communication preferences at any point you can do so by accessing the ‘My Panacea’ page.

 
 
Wealth & money management awards
*Community facts provided by Equifax Touchstone. Q3 2017
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1071: Active management and the predictability of markets #1: Eugene Fama
19 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 
According to Moody’s, total assets in passive funds in the US will overtake those in actively managed funds in 2021. In light of this significant moment being almost upon us, I thought it would be interesting to write about the predictability of financial markets - the basis of active management - and some of the key protagonists.
 
 
   
 
 
 
-
 
 
 
 
Sustainable investing is based on a simple premise - owners and managers of capital, whether that’s equity or debt, can positively influence society by prioritising investment in companies that are helping move to a cleaner, healthier, more inclusive society.
 
 
 
 
 
 
 
 
Our investment bond service survey asked financial advisers like you about their views on the service they receive from onshore and international investment bond providers, the products they recommended in the past twelve months and the providers they preferred.
 
 
-
 
 
-
 
 
 
 
From seeing them step onto the ladder to choosing a forever home, your client relationships build over almost a lifetime. So why should this stop when they reach retirement? There could be more equity in your older clients’ homes than cash in their pension pots.
 
 
 
 
 
-
 
   
 
 
 
Cazenove Capital and Schroders’ PROD Seminar on Thursday 12 September. The Product Intervention and Governance Sourcebook (PROD) regulations now require adviser firms to align products and services to their client segments. This event can qualify for up to 40 minutes of CPD points.

 
 
   
 
 
-
 
   
 
 
Explore Aegon’s new flexible business protection application options including a new streamlined online application process, product upgrades, underwriting improvements and more.
 
 
   
 
 
 
-
 
 
 
 
Uncertainty over Brexit and currency fluctuations have been blamed for the increased cost of buying a property in Europe and the USA.
 
 
 
 
 
 
 
 
Fed Chairman Powell cites weakening global growth, trade policy developments and below-target inflation as impetus for rate cut. What can we expect in the months to come? 
 
 
-
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1070: Woodford. The thrill has gone
16 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 

Last week, Woodford investment saw crashes after short-seller attack. 

In situations like this I often turn to the blues for some short sharp analytical lyrical inspiration of the situation. In this case to quote Muddy Waters (not that firm) but the blues-man’s song ‘Rolling and Tumblin’. 

 
 
   
 
 
 
-
 
 
 
 
It can be hard to spot the time flowing by as the days roll into weeks and months into years, laments multi-asset fund manager Will McIntosh-Whyte. And you’d better be careful, he warns, because inflation works just the same way.
 
 
 
 
 
-
 
   
 
 

Depending on what kind of phone they have, customers will now be able to use fingerprint or face recognition to login quickly and easily.

 
 
   
 
 
-
 
   
 
 
All our services are designed to support our clients’ businesses and to deliver the right outcome to the end investor. Our independent, qualitative research and analysis can be utilised in numerous ways to provide different solutions that will help our clients achieve their objectives.
 
 
   
 
 
 
-
 
 
 
 
The Fed delivered its much anticipated interest rate cut at the end of July. In this month’s video, Investment Director, Ritu Vohora looks at the implications for the US dollar.
 
 
 
 
 
 
 
 
AngelNews is offering IFAs and Wealth Managers complimentary tickets to The VCT & EIS Investor Forum 2019, which takes place in London on 21 November 2019.
 
 
-
 
 
-
 
 
 
 
In our regular update on drivers in real assets we assess how real assets could appreciate amid lower long-term rates, we look at how lower bond yields are likely to extend the real estate cycle in the UK
 
 
 
 
 
 
 
 
The value of Seneca - applying a value ethos across a range of assets: why restrict good thinking to just one asset class when it can be applied to many?
 
 
-
 
 
-
 
 
 
 
With over 500 thousand policies sold in 2017 (SwissRe’s Term & Health Watch 2018) it’s more important than ever for financial advisers to be comfortable that they recommend the most suitable product to their clients.
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1069: Square Mile Research teams up with Panacea Adviser
13 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 

We are delighted to announce that we are working with Square Mile Investment Consulting & Research (Square Mile) as a partner to offer our community greater access to independent research.

Square Mile is an independent investment research business that works in partnership with regulated professional financial services firms, helping advisers to develop informed investment recommendations so that, with their support, their clients can make the decisions that are right for them.

 
 
   
 
 
 
 
-
 
   
 
 
Cazenove Capital and Schroders’ PROD Seminar on Thursday 12 September. The Product Intervention and Governance Sourcebook (PROD) regulations now require adviser firms to align products and services to their client segments. This event can qualify for up to 40 minutes of CPD points.
 
 
   
 
 
-
 
   
 
 
The New Model Business Academy, part of the SimplyBiz Group, has seen it’s ever-popular apprenticeship programme go from strength to strength after receiving further funding last month from the ESFA, and launching a new course for Mortgage Advisers to sit alongside their Financial Adviser and Paraplanner programmes. 
 
 
   
 
 
 
-
 
 
 
 
The Invesco Fixed Income Global Debt team expects a mix of moderate growth and falling inflation to have a positive impact on asset prices.Read more to find out what they expect to see in the third quarter and the implications this has on their portfolios.  
 
 
 
 
 
 
 
 
The Italian government remains on a collision course with Brussels despite recently striking a deal over its 2019 budget. A mis-step by either side could lead to a fresh euro zone crisis that the new head of the ECB might struggle to contain.
 
 
-
 
 
 
 
 
 
We are constantly working on improving the communications that we send, to ensure they are as relevant as possible. Therefore could you answer this very short, one-question survey and tell us how your firm make their investment decisions?
 
 
-
 
 
-
 
 
 
 
Never before has there been a greater demand for financial advisers with social and demographic changes fuelling the need for financial advice. An ageing population, changes in the housing market and differences in working patterns, all mean that managing wealth is becoming more complex.
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1068: What are we and where do we go from here? A report on the future of advice
9 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 
With so many regulatory changes being made, more to come, along with the rise of new technologies and Baby Boomers continuing to age, it seems that we are looking at a number of disruptions to the status quo.
 
 
   
 
 
 
-
 
 
 
 
In this film investment managers Iain McCombie and Steven Hay sum up how the Managed Fund aims to keep it simple in a complicated investment world. 
 
 
 
 
 
 
 
 
Register to join one of Prudential’s webinar sessions on Thursday 15 August,to help you identify new opportunities with your clients. Presented by Jacqueline Clezy – Technical Manager.
 
 
-
 
 
-
 
 
 
 
Just are continuing to make their Just For You Lifetime Mortgage simpler, broader and better.
 
 
 
 
 
-
 
   
 
 
We are constantly working on improving the communications that we send, to ensure they are as relevant as possible. Therefore could you answer this very short, one-question survey and tell us how your firm make their investment decisions?
 
 
   
 
 
-
 
   
 
 
While the shape of the UK’s future relationship with its European neighbours is still unclear, the question of how to finance infrastructure fit for the 21st century is equally pressing, argues Darryl Murphy.
 
 
   
 
 
 
-
 
 
 
 
We have had a number of new materials added recently the Panacea CPD Library from our partners including Prudential and Defaqto. Please take a look and don’t forget to bookmark the area and check regularly for the CPD minutes learning on offer!
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1067: IFA Review for MyDocSafe
7 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 
As a trainee IFA, I was given the task of focusing on GDPR and MIFID2. I set about reviewing from a number of various online e-signature portal offering secure methods of that would be suitable for us as a business to communicate effectively and efficiently with our clients. 
 
 
   
 
 
 
 
 
 
 
Are we entering another era of stagflation? As Swiss banks start to bill their rich depositors, maybe we’re already there, notes our head of multi-asset investments, David Coombs.
 
 
-
 
 
 
-
 
   
 
 
The whole area of retirement planning is arguably more complex than ever before so FundsNetwork have pulled together a range of topics that have been popular with advisers and paraplanners in recent months. 
 
 
   
 
 
-
 
   
 
 
Economic development is at a crossroads for emerging markets, and the road ahead will need to be paved with environmental, social and governance considerations.
 
 
   
 
 
 
-
 
 
 
 
It's simple to explain to a client when there's no Inheritance Tax (IHT) to pay at outset on a lifetime gift. But can you explain to a client what the ongoing IHT implications are of using a discretionary trust? 
 
 
 
 
 
 
 
 
If interest rates are a spent force, and finance ministries unreliable partners, who will save the day? Eric Lonergan, Fund Manager, discusses three novel proposals which are gaining support, all of which involve giving people money.
 
 
-
 
 
-
 
 
 
 
We are constantly working on improving the communications that we send, to ensure they are as relevant as possible. Therefore could you answer this very short, one-question survey and tell us how your firm make their investment decisions?
 
 
 
 
 
 
 
 
We don’t just put money into our houses. We pour our heart and soul into our homes. Aviva understand that, with so much personality invested in every home, you need an equally personalised approach to releasing equity. 
 
 
-
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1066: FSCS nil, nicht, nada, rien. HM Treasury £45.5M
5 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 

A few weeks back I saw that Bank of Scotland were subjected to a fairly whopping fine for ‘Fraud Failures’.

IFAs may recall that in 2012 George Osborne was responsible for the diversion of financial services fines, (originally intended to be offset against the general costs of regulation to reduce the regulatory financial burden on firms that did do the right thing) to the Treasury.

 
 
   
 
 
 
 
 
 
 
A longer life expectancy is good news, but longevity is perhaps the most difficult part of the retirement puzzle for both advisers and clients. People often confuse averages with probabilities and there are so many factors that could have an impact on someone’s lifespan that it’s often difficult to know where to start.
 
 
-
 
 
-
 
 
 
 
Research from FundsNetwork shows that as clients have become more accustomed to stable and growing markets, advisers worry about future stock market volatility and geopolitical risk. 
 
 
 
 
 
-
 
   
 
 
An increasing number of financial advisers are appointing discretionary fund managers (DFMs) to run their clients’ investments. Utilising a DFM can bring efficiency and reduce operational risk for advisers.
 
 
   
 
 
-
 
   
 
 
In the latest sustainability report we provide an update on the current and future state of engagement and discuss how industries ranging from fashion, to aviation, to waste, will be transformed.
 
 
   
 
 
 
 
 
 
 
The quarterly digital magazine that puts Baillie Gifford’s funds in the spotlight, giving you the chance to access insights from the teams that manage them.
 
 
-
 
 
 
-
 
   
 
 
The unknowns of the future, complexity of investment markets and unique needs of every individual make ‘defying uncertainty’ a complicated problem for those looking to retire.
 
 
   
 
 
-
 
   
 
 
Geopolitical risks appear to be a recurring theme impacting global markets and can have a significant influence on the short and medium term direction of asset prices.
 
 
   
 
 
 
-
 
 
 
 
109 seconds – Lewis Aubrey-Johnson, Head of Fixed Income Products,discusses interest rates following the US Federal Reserve’s meeting. 
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1065: The hunt for Europe’s tenbaggers
1 Aug 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 
How do you find Europe's ‘tenbaggers’, the stocks which have the potential to increase ten-fold? Baillie Gifford Investment Manager Stephen Paice takes a look to see what observations can be made about the big winners in order to increase the potential of identifying future ones. Capital at risk.
 
 
   
 
 
 
 
-
 
   
 
 
The more asset managers that incorporate environmental, social and governance thinking into their investment philosophy, the more traction ESG investing will enjoy.
 
 
   
 
 
-
 
   
 
 
So much emphasis on ensuring people don’t take on too much investment risk could be creating a different problem, argues David Coombs, our head of multi-asset investments. Case study: dear old dad.
 
 
   
 
 
 
-
 
 
 
 
The government is making life increasingly complicated for private landlords, and advisers need to be wary of a number of potential tax traps when working with clients with second homes, writes Zurich’s Andy Woollon...
 
 
 
 
 
 
 
 
In this webcall, Multi Asset Product Director, Clive Emery covers performance of the multi asset teams fund, any changes made to it during the second quarter of 2019 and the Henley-based macroeconomic outlook for 2019. 
 
 
-
 
 
 
-
 
   
 
 
We speak to the political scientist about the long-term themes affecting emerging markets, from the trade war to technological automation to climate change.
 
 
   
 
 
-
 
   
 
 

Watch Trevor Greetham’s latest update and read the report on the movement of the Investment Clock.

 
 
   
 
 
 
-
 
 
 
 
Prudential invite you to join their Investment webinar – Passive/Active Fixed Income – why we use both on 1 August at 9.30am. 
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe

Bento 1064: What they don't teach you at financial planning school
29 Jul 2019

View in browser | Manage my preferences
 
 
-
 
 
 
   
 
 

When I became a self-employed financial adviser in 1991, I attended a week-long training programme and I was then expected to go out and make a living.

Frankly, the failure rate for new advisers was appallingly high.

Fast forward to now and the way people enter the business is completely different. The training and qualification process is far longer, more in depth and professional.

 
 
   
 
 
 
-
 
 
 
 
Many people in income drawdown are unaware they can slow the flow or turn off the taps, with those not receiving advice unsurprisingly most in the dark.
 
 
 
 
 
-
 
   
 
 
Numerous emerging markets are going to the polls in 2019. We survey some of the key results so far and look ahead to the big votes in the second half of the year.
 
 
   
 
 
-
 
   
 
 

Steve Webb writes about the potential benefits of contributing into an adult son or daughter’s pension. 

 
 
   
 
 
 
-
 
 
 
 
What would a Martian think of the Brexit argument – or the Hammersmith & City line for that matter? David Coombs, our head of multi-asset investments, explains his thinking as Boris Johnson takes power in the UK.
 
 
 
 
 
 
 
 
Have you made the most of the CPD-accredited material on offer by our Partner firms? If not there are loads of articles, webinars and videos on our Panacea CPD page, and you can even save the ones you have read to your Panacea account and refer back at any point to see what else you need to read!
 
 
-
 
 
-
 
 
 
 
The “do or die” Brexiteer will face enormous challenges from the outset as the UK’s new prime minister. We look at what his victory might mean.
 
 
 
Wealth & money management awards
contact@panaceaadviser.com     manage my preferences     unsubscribe