From 31st December 2012, the Financial Conduct Authority introduced new rules around how financial advisers describe their services and how consumers pay for them. These changes are commonly known as the Retail Distribution Review or RDR. The Financial Conduct Authority is using the RDR to increase the standards of qualification that financial advisers have to…

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Medium term forecasts from Consensus Economics Inc show that over the next 5 years the US, the eurozone and China are expected to grow by an average annual rate of 2.7 percent, 1.2 percent and 7.6 percent respectively. As the National Institute used to say, a forecast, be it short-term or long-term, can convey a…

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At least three things can be said about the third quarter US earnings season which gets underway in earnest next week, but this is after Alcoa’s results tomorrow followed by half a dozen companies reporting over the coming days including a few of the big banks on Friday. First, 25 companies in the S&P 500…

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After the crash of 1987, a ‘regularity’ of stock market behaviour was popularised in the form of a negative October effect. It might even have been introduced well before then. The Wall Street crash of 1929 occurred in October and no doubt there were lesser, but still noteworthy, incidents throughout the intervening Octobers. However, I’m…

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