Research Blog

Eric Armstrong, Client Director, Synaptic Software

Eric Armstrong
Client Director
Synaptic Software Limited

30 January 2018

Eric Armstrong of Synaptic Software looks at how Financial Planners can cope and prosper with the MiFIDII investment directive which arrived in January.

As many have commented, themes that have emerged in the new MiFID rules are actually UK regulatory concepts that have been ‘sold in’ to the European bureaucratic machine and returned to the UK as part of Europe wide regulation.

Eric Armstrong, Client Director, Synaptic Software

Eric Armstrong
Client Director
Synaptic Software Limited

15 November 2017

The excellent term ‘densification’ comes from a current campaign from Investec AM in relation to their Diversified Income fund. I like it a lot because it combines the broader defensive qualities that many investors are seeking in their investment choices and includes the role of asset allocation and other strategies in achieving this. It also points to the fact that this is a rising concern appropriate to where we are in ‘relationship to the economic cycle’. It’s worth a look.

Eric Armstrong, Client Director, Synaptic Software

Eric Armstrong
Client Director
Synaptic Software Limited

12 September 2017

Older software, including TVAS and pension switching tools, may soon be past their sell-by-date. The Consultation Process for ‘Advising on Pension Transfers’ is now underway with publication of Consultation paper CP17/16. Issues are coming to a head reflecting that annuity is no longer the default option and guaranteed income is not necessarily the end game.

Eric Armstrong, Client Director, Synaptic Software

Eric Armstrong
Client Director
Synaptic Software Limited

11 July 2017

Experts are warning that January 2018 will be the deadline for getting your house in order in regards to risk profiling and the ‘use of tools’, as this is the date that the MiFID II legislation comes into effect. The bible in this respect is the Finalised Guidance document of 2011: ‘Assessing suitability: Establishing the risk a customer is willing and able to take and making a suitable investment selection.’ Here the primacy of a client’s investment aims was established and the linking of objectives to risk-based strategies.

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