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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Show last issues.

Bento 1009: Episode 200 of the Marketing & Finance Podcast
14 Feb 2019

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Panacea have been a massive supporter of the show since I launched 4 years ago and Derek has been a guest on the show twice talking about Panacea in general and about the Panacea Virtual Conference.

I wanted to do something special to celebrate, so I asked my good friend Chris Marr of the Content Marketing Academy to come on the show as a guest interviewer and interview me - warts and all.

 
 
   
 
 
 
 
 
 
 
Join Patrick Norwood for this short webinar from our series about building multi-asset solutions.
 
 
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Subdued global inflation should provide monetary policymakers with a ramp to be more accommodative and perhaps pull back from their normalization efforts. 
 
 
   
 
 
 
 
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Register to join one of Prudential’s webinar sessions on Thursday 21 February to help you identify new opportunities with your clients. 
 
 
   
 
 
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Please join us from 10.00am - 11.00am on Tuesday 19 February for a free webinar.
 
 
   
 
 
 
 
 
 
 
Protection challenger, Guardian, has promoted Katya MacLean, previously Proposition Director, to the role of Chief Operating Officer.
 
 
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This month’s video looks at the Fed’s dramatic shift to a more dovish stance, with an emphasis on patience.
 
 
 
 
 
 
 
 
We’ve introduced some new features to our online journey so you can see where your applications are in the process.
 
 
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Wealth & money management awards
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Bento 1008: Are you investing for impact?
12 Feb 2019

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Investing to help improve society and the environment does not mean giving up economic returns. Register for M&G’s next webcast to find out more about impact investing and how it’s different from ESG, as well why investors do not have to sacrifice financial returns to invest in impactful companies.
 
 
   
 
 
 
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Back in 2017, the government reduced the number of employee benefits that would have previously attracted tax savings when arranged through salary sacrifice schemes.
 
 
 
 
 
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Calculating pension allowances for your clients, particularly at this time of the year, can be highly complex. FundsNetwork’s tax and pension experts, Paul Kennedy and Paul Squirrell, discuss how taking a step-by-step approach to identifying different client circumstances, can help to highlight important considerations.
 
 
   
 
 
 
 
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In our Big Interview, David Miliband talks to AIQ about the growing humanitarian emergency in war-torn countries, the retreat from global engagement by the West and the future of centre-left politics.
 
 
   
 
 
Aegon: Using salary sacrifice to put a priority on pensions
 
   
 
 
The internal fund tax of wrappers such as bonds and Open Ended Investment Companies (OEICs) can be confusing.
 
 
   
 
 
 
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The evolution of MPS has been somewhat rapid, particularly over the past few years.
 
 
 
 
 
 
 
 

Find out how we responded to the FCA consultation on increasing the FOS compensation limits.

 
 
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Wealth & money management awards
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Bento 1007: The power of an incisive question
8 Feb 2019

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I was recently listening to someone telling the story of how they had begun a new and exciting phase of their life by starting a small business.

It was something they had thought about doing in the past but had never got beyond this stage.

Not until they had a conversation with their financial planner.

 
 
   
 
 
 
 
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The standard lifetime allowance (SLA) sets a limit on the amount of pension benefits that can be paid to an individual, by way of lump sums or retirement income, without triggering an additional tax charge.
 
 
   
 
 
 
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This month's infographic looks at three economic themes for 2019 as well as some black swan risks.
 
 
 
 
 
 
 
 
It’s currently £3,000 and has remained unchanged since April 1981, back when Shakin’ Stevens was at number one in the UK singles chart with ‘This Ole House.’ Graeme Robb, Senior Technical Manager at Prudential goes into more detail. 
 
 
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Create your own marketing campaigns using FundsNetwork’s sample letter templates, which highlight the benefits of investing in pensions and ISAs.
 
 
   
 
 
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Good collaboration is key to success in almost every field, from business to finance to sport. We explore how organisations can encourage staff to work together to share ideas, avoid mistakes and improve performance.
 
 
   
 
 
Wealth & money management awards
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Bento 1006: Diversification delivers
6 Feb 2019

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Royal London’s Governed Portfolios have reached their ten-year milestone. Lorna Blyth, Head of Investment Solutions, reflects on how diversification can deliver.  
 
 
   
 
 
 
 
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Using our Aegon Retirement choices (ARC) platform could be the right move for you and your clients. 
 
 
   
 
 
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There is an unprecedented amount of column inches being written about matching a clients’ attitude to risk and capacity for loss to an appropriate investment risk rating.
 
 
   
 
 
 
 
 
 
 
In this short video, fund manager Claudia Calich looks back at key drivers for emerging market debt in 2018 and examines what did and did not work for the Fund, before moving on to discuss key themes on the horizon for 2019.
 
 
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The eurozone economy grew by just 0.2% in the final quarter of 2018 according to the flash GDP estimate released this morning. 
 
 
 
 
 
 
 
 
US nonfarm payrolls smashed expectations once again, posting 304,000 new jobs in January instead of the 165,000 forecast. 
 
 
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NS&I have reduced the minimum initial investment for Premium Bonds from £100 to £25. 
 
 
   
 
 
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The new fund performance tool allows you to compare up to 10 funds at a time for a selected time period.
 
 
   
 
 
 
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Join us on Thursday 21 February at 10am, where we will discuss the recently launched M&G Positive Impact Fund with John William Olsen, fund manager, and Ben Constable Maxwell, Head of Sustainable and Impact Investing.
 
 
 
Wealth & money management awards
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Bento 1005: Busting the millennial myth
4 Feb 2019

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New research challenges the widely held view that millennials are genuinely different from previous generations. 

Millennials, broadly defined as the generation born 1980-2001, have grown accustomed to these sweeping generalisations. We are blamed for weak new car sales, the death of bricks-and-mortar retail, rising debt, and flagging home-ownership rates. The latter is apparently down to our frittering away earnings on avocado toast rather than saving for a deposit.
 
 
   
 
 
 
 
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Sustainability is increasingly becoming more of a need than a choice – for society and investors alike. 
 
 
   
 
 
 
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The new Dynamic Planner iO integration provides you with a seamless journey, removing manual exporting and importing steps from the process.
 
 
 
 
 
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As it’s the beginning of the year, this month’s letter will focus on the investment performance over the last year of our three public funds, as well as performance over longer periods. 
 
 
   
 
 
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Probably one of the greatest worries for a parent is that their child may become seriously ill. At such a stressful time, the last thing you need is the additional worry of financial problems.
 
 
   
 
 
 
 
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There may be some readers who have been around long enough to remember the ‘tech bubble’ of the late 1990s.
 
 
   
 
 
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Join our webinar on Tuesday 12 February 2019 to hear Elaine Cruickshank, Tax and Trusts Manager, discuss some recent IHT and trust developments which could impact your clients
 
 
   
 
 
 
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The latest edition of NS&I’s Financial Advice Barometer shows that security remains the top priority for advisers’ clients. 42% of respondents chose this option in the October 2018 survey.
 
 
 
Wealth & money management awards
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Bento 1004: Plastic (not so) fantastic
1 Feb 2019

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The ultra-long lifespan of plastics is proving an ecological challenge. As consumers become alarmed at the environmental contamination caused by synthetic organic polymers, we look at the alternatives and the role of investors in pushing for change.
 
 
   
 
 
 
 
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In a year characterised by increased volatility and changes in market leadership, financial markets struggled to generate positive returns. 
 
 
   
 
 
 
 
 
 
 
We’re celebrating a decade of delivering for your clients throughout stormy market conditions.
 
 
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Dynamic Planner, the UKís preferred digital risk profiling and asset allocation-led investment service announces a three year, £5m technology investment into the next generation of Dynamic Planner.
 
 
 
 
 
Old Mutual Wealth: ISA CASHBACK OFFER 2018/19
 
   
 
 
Open to new and existing customers, we have a great ISA offer your clients can take advantage of in the run-up to tax year end.
 
 
   
 
 
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As it’s the beginning of the year, this month’s letter will focus on the investment performance over the last year of our three public funds, as well as performance over longer periods. 
 
 
   
 
 
 
 
 
 
 
Defaqto has worked in collaboration with Eversheds Sutherland to enable and facilitate suitability reports templates in Engage Core to provide a fully integrated end-to-end financial planning tool to advisers.
 
 
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Wealth & money management awards
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Bento 1003: BlackRock's Larry Fink's 2019 Letter to CEOs
30 Jan 2019

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In his annual letter on corporate governance, BlackRock CEO Larry Fink explores how companies can achieve long-term financial returns.
 
 
   
 
 
 
 
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Helping your clients manage their money in retirement would be a lot easier if we, or they, knew how long they were likely to live.
 
 
   
 
 
 
 
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Whether you are used to selecting from the lists of RSMR rated solutions, reading our detailed fund profiles or seeking business ideas all this and much more can be found on the RSMR Hub in support of your business.
 
 
   
 
 
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The tax advantages associated with registered pension schemes can be enormously beneficial in helping members to secure their financial future.
 
 
   
 
 
 
 
 
 
 
Our first ever Annual Conference in Manchester proved to be a fantastic occasion at the award-winning Manchester Central. The day was supported brilliantly by a great audience of financial services professionals.
 
 
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Given the apparently close historical relationship between various financial indicators and the economy, some commentators have been quick to talk up the danger of a US recession in view of recent market developments. 
 
 
   
 
 
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Join us on Thursday 21 February at 10am, where we will discuss the recently launched M&G Positive Impact Fund.
 
 
   
 
 
 
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Every time Theresa May gets trounced in Parliament, delays a vote or a member of her Cabinet lets slip that she won’t really force a no-deal exit from the EU, sterling shoots upward.
 
 
 
Wealth & money management awards
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Bento 1002: Can anyone imagine a large UK business being run like this?
28 Jan 2019

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Some headlines from last week to make you feel proud about British democracy, values and standards.

1.   "May faces 'high noon' Cabinet meltdown on Brexit” 

2.   “Philip Hammond refuses to rule out QUITTING if the UK leaves the EU without a deal”

3.   “Rudd threatens to walk out to back Remainer revolt"  

Now for a scenario to imagine as you look around your office today.

 
 
   
 
 
 
 
 
 
 
Often, when we talk about reviewing existing holdings, we mean client reviews. After all, the relationship between a client and an adviser is often for a sustained period of time, if not for life.
 
 
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When the presidents of the US, France and Britain cancel their trip to the World Economic Forum at Davos – the mecca of globalisation over the past two decades – to face domestic challenges, no wonder investors are worried about falling global trade, inward-looking policies and hence, lower global growth.
 
 
   
 
 
 
 
 
 
 
FundsNetwork™ has launched a dedicated support zone that includes a wide range of useful materials for this time of the year. It provides resources to help planning and aid client discussions, so that they can utilise valuable pension and ISA allowances.
 
 
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Join our product specialist, Amy Mulvey and our Head of Adviser Sales, Rob Miles at one of six locations, to discuss how you can help shape your clients’ portfolios by utilising their property equity for income.

 
 
 
 
 
 
 
 
Listen to Clive Emery Multi Asset Product Director discuss the Invesco Global Targeted Returns Fund (UK)’s* performance in Q4 2018...
 
 
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Hundreds of offers available across 21 Prestige brands.

 
 
 
Wealth & money management awards
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Bento 1001: Feel brave enough FCA?
25 Jan 2019

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Being responsible is what the financial industry should be about.

Sadly we have now reached a stage that the responsibility now falls on all as the few who mess it up never have the resources to put things right, previously referred to as ‘the polluter pays’.

 
 
   
 
 
 
 
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To help your clients understand the importance of maximising their pension contributions, check FundsNetwork’s factsheets on annual allowances and carry forward. 
 
 
   
 
 
 
 
 
 
 
Watch fund manager Jim Leaviss give his views on key drivers for global markets in the previous year, commenting on what worked well and what didn't for the Fund, moving on to his approach to 2019.
 
 
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“Blue Monday” is the third Monday of January, so-called because it is meant to be the most depressing day of the year. This is due to a combination of factors – but one of these factors is post-Christmas debt levels – they tend to be higher than at other times of year.
 
 
 
 
 
 
 
 
FundsNetwork’s library of retirement technical videos can help you prepare for the CII pension exams, including a video focusing on exam techniques. 
 
 
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This week Key has released its Market Monitor report for the whole of 2018 and it highlights that the equity release market continues its record-breaking growth.
 
 
   
 
 
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We’re delighted to share that Curtis Banks' new pension, Your Future SIPP, will be available in just a couple of weeks’ time.
 
 
   
 
 
 
 
 
 
 
Paul Tinkler, Insight Consultant, will give an introduction to the challenges facing advisers in managing retirement plans for clients in today’s marketplace.
 
 
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Wealth & money management awards
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Bento 1000: A fourth way to fund regulation?
23 Jan 2019

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First of all Panacea followers, this is our 1,000th Bento. Given this landmark status, I felt that it should contain something special, and with that in mind, I would like to make a heartfelt suggestion or two about how the regulation and protections in the financial services industry could be re-engineered, for in regulatory parlance, better regulated firm and consumer outcomes. 
 
 
   
 
 
 
 
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With the grocery market undergoing significant changes, the successful supermarkets of the future are likely to be smaller and focussed on providing a rich shopping experience, writes Jonathan Bayfield.
 
 
   
 
 
 
 
 
 
 

Step 4: Making sure an Octopus VCT is right for your client 

  • You’ve identified a client that could benefit from a VCT.
  • You’ve talked them through how a VCT could help and the associated risks. 
  • You might then have a client looking to invest in a VCT. 
  • But you’ll want to do due diligence before you recommend any VCT to your client.
 
 
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How do you find the most exciting growth companies in the Asia Pacific region? In this film Ewan Markson-Brown and Roderick Snell, managers of the Baillie Gifford Pacific Fund, discuss the key components that an exceptional growth company must exhibit and how they are upbeat for the prospects of the companies that display them.
 
 
 
 
 
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Our ‘Silver Spenders’ research highlights the potential for money released from housing wealth to support economic growth in the UK. 
 
 
   
 
 
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After the dramatic defeat of the UK Prime Minister’s EU withdrawal plan, we believe the chances have risen for a softer version of Brexit or perhaps even no Brexit at all.
 
 
   
 
 
 
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Find out how paying annual and lifetime allowance tax charges can still make your clients better off in retirement.
 
 
 
 
 
 
 
 
Global stock markets have been unsettled by political and economic uncertainty recently, and swung significantly between gains and losses in the final weeks of 2018. 
 
 
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