It’s coming up to the end of August and summer is approaching its closing stage. The schools are back in Scotland. Where did it all go?
The end of summer means festival time here in Edinburgh which always brings out a mixture of emotions which range from a sense of cultural pride to, I’M GOING TO SHOOT THIS TOURIST WHY IN GOD’S NAME ARE YOU STOPPING THERE.
We have been largely insulated from it here in Leith, this was made very clear to me on the train home earlier in the week running into my pal who works in the National Museum and the Castle gift shops and her tales from the crypt.
This involved one American tourist, looking out at the bridges, ushering her over whilst pointing at Fife and asking: “Is that Sweden?” Another telling her they’re in line for the Scottish throne owing to their distant relative William Wallace; she decided not to inform them that although he worked very hard fighting the English for independence and murdered a few nuns along the way, he was never a sovereign. Honorable mention to the person who passed comment that Victoria Street had been aged well (they were under the impression that it was built after J.K Rowling created Diagon Alley).
So if any of you are worried about being perceived as typical tourists abroad, you can tell yourselves at least you’re not Americans in Edinburgh.
Anyway, those coming back will need kept up the news. Here’s some stuff I have spotted:
LANG CAT & CLIENT MENTIONS
Targeted support: brand reputation and trust are going to be critical – FTAdviser
Mike pens an article outlining what the industry should be thinking about heading into the age of targeted support.
Source: FT Adviser
Advised platform AUM rises amid highest net sales in three years – Wealth Investment News
PMS Findings.
Source: Wealth Investment News
Mark Sanderson: Rethinking advice for the other nine in ten | Money Marketing
The Morningstar Wealth boss talks about support for folk not getting financial advice and what the industry is and should be doing about it.
Source: Money Marketing
ADVICE AND PLANNING
Number of advice firms drops by 1,000 since 2022
A freedom of information request sent by Begbies Taylor to the FCA showed there are only 196 financial advisers aged below 25.
Source: Citywire NMA
Continuum calls for fresh approach to attract young talent | Money Marketing
Advice firms need to highlight the entrepreneurial opportunities in financial planning if they are to attract more young people into the profession, according to national advice firm Continuum.
Source: Money Marketing
INVESTING
In praise of complicated investing strategies
A look at whether the principle of Ockham’s Razor as a strategy in investing is under threat.
Source: The Economist
REGULATION
Spotlight: Are financial advice firms ready to confront toxic behaviour? | Money Marketing
Laura Purkess looks ahead to how firms may (or may not) adjust when the FCA begins to treat behaviour such as bullying or harassment as enforceable misconduct.
Source: Money Marketing
AI
US sell-off accelerates as tech stocks slide
The declines come amid warnings that the hype surrounding artificial intelligence could be overdone, after a study by a branch of the Massachusetts Institute of Technology warned on Monday that 95 per cent of the corporations polled had not yet seen returns on generative AI investments.
Source: FT
PENSIONS
Half of Gen X has a pension problem
Interesting.
Source: FT
ECONOMY
Reeves considers replacing stamp duty with new property tax | Tax | The Guardian
Bet The Telegraph is gonnae love that.
Source: The Guardian
UK borrowing costs rise as gilt yields surge to near 27-year high
UK 30-year gilt yields rose to highs last seen in 1998 on 19 August as market expectations for future Bank of England rate cuts shifted.
Source: Investment Week
A rare, good release of numbers for the chancellor.
Source: The Guardian
CRAZY CAT STORIES
Tuxedo Cat & Lego Cat Swap Spots & Totally Confuse Mom
News
Source: AOL
Dog ‘drunk’ after eating dead cat as owl on LSD has bad trip – The Mirror
I don’t think I’ve reread a headline so many times before.
Source: The Mirror
OUTSIDE THE TRADE
It’s last orders for craft beer | The Spectator
With any luck. May the McEwan’s Export long reign supreme.
Source: The Spectator
Sean McKinven is PR account executive at the lang cat
