FT Adviser (10/01/2019) – In an age where political crises are the norm, and the subsequent economic outlook lurches daily between positive, stable and catastrophic, can anyone trust an economist, let alone a politician?
That’s one of many unanswered €64,000 questions that dominate the political agenda as it stands right now.
The current political infrastructure, however, seems not to be ‘standing’ but quivering on its last working leg.
This is the backdrop advisers are working in, during a period in which they are not sure if the Prime Minister Theresa May, or much of the Cabinet, will still be in their jobs by the time they wake up.
But a more optimistic slant on this is the comparatively calm, patient and pragmatic view prevalent across many advisers and fund managers – even in a calamitous few months for the government.
So in that context, where can advisers ascertain more reliable information about prospects for 2019, and how to provide assurance for clients? The simple truth is their fellow advisers and established entities.
Alan Chan, director at IFS Wealth & Pensions, suggests: “Some clients may not have experienced such volatility, but we try to coach them from the start to think long term and to block out all the short-term noise.
“Volatility will have the greatest effects on drawdown clients, so we’d be closely reviewing their income strategies.”
Full article link: https://www.ftadviser.com/investments/2019/01/10/how-will-politics-shape-2019/
