Name: HOT TOPIC At all costs - pricing active management in a low fee world
Uploaded: 2021-07-15T12:56:24.000Z
Duration: 56 min 24 s
Description: At all costs - pricing active management in a low fee world

Join the experts as they discuss the opportunities and challenges for the US. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - US Equity

Join the experts as they discuss the opportunities and challenges to be found when investing in Asia. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Asia

Join the experts as they discuss climate change. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Temperature Check - Climate Change

Join the experts as they discuss inflation. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Inflation

Join the experts as they discuss Multi Asset. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Sustainable Multi Asset

Join the experts as they discuss the opportunities and challenges for the UK. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - UK Equity

Join the experts as they discuss where to find income in 2022. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Income

Join the experts as they discuss Fixed Income. Octo Members have been asking the questions.  Have your say and join the debate.

HOT TOPIC - Sustainable Fixed Income

Les Cameron, Head of Technical, and Colin Simmons, Business Development Manager at Prudential have been myth-busting as part of our Tune-Up series. 6 myths busted in one hour:

Myth 1: The bypass trust is dead 
Myth 2: Your family cannot inherit your pension
Myth 3: You can only pay £3,600 into a child’s pension
Myth 4: Pensions are IHT free
Myth 5: Only DB transfers are subject to IHT tax
Myth 6: Pension death benefits are free of tax

For each myth they walk you through several common and not so common situations, leading with some great and memorable examples. 

At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!

Join OCTO Now https://octomembers.com
This qualifies for CPD which is accessible as an OCTO Member.

OCTO TUNEUP – Myth Busting with Prudential

Here Lee Robertson, Founder of OCTO asks OCTO Members questions to Mark Green & Mark Lambert of HSBC about Deeds of Variation and the associated issues. 

At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!

Join OCTO Now https://octomembers.co
The entire TuneUp Series qualifies for CPD which is accessible as an OCTO Member.

OCTO TUNEUP - Trust in Bonds

The four panellists consisted of Ken Wotton of Gresham House and BNY Mellon’s Jon Bell, alongside Jason Pidcock and Dan Carter, both from Jupiter. With Andy Merricks of 8am Global chairing the panel, an upbeat and wide-ranging debate followed, revolving around the challenge of generating income in today’s low-yielding environment. 
And the erudite point that active managers have an advantage when they’re operating in inefficient equity markets also provided things to consider. In keeping with that theme, towards the end of the panel, each of the managers was asked to name one stock that ‘excites’ them when it comes to their earnings prospects. This hugely insightful part of the session offered up some truly fascinating thoughts as to where we might find both capital growth and income in the future. To find out what they said, watch the full video here.
At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!
Join OCTO Now https://octomembers.co
This HOT TOPIC is available on the OCTO APP as CPD

OCTO HOT TOPIC Series - Casting the net wider for income

Octo host John Lappin and top CEO's Hamish Purdey CEO, FE fundinfo,  Andrew Formica, CEO, Jupiter Asset Management and Campbell Fleming, Chief Executive Officer of AssetCo discuss the opportunities they see ahead and the challenges they face today. Where do they see growth coming from in the years to come? 

The Opportunities Ahead for Asset Management saw fund firm bosses give an upbeat assessment of the future with the resilience the sector has shown during the pandemic offering a strong foundation for the debate.

At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!
Join OCTO Now https://octomembers.co
These HOT TOPICs are available for CPD on the OCTO App.

OCTO HOT TOPIC Opportunities ahead for asset management

Octo host John Lappin and his guests including Graham Brady, Head of Sustainability at Downing LLP, Cornelia Furse, Portfolio Manager at Fidelity International, Velislava Dimitrova, Portfolio Manager at Fidelity International and David Osfield, Global Fund Manager at EdenTree discuss climate change and decarbonisation of portfolios.

There’s a critical need to support the change process here, which includes ensuring proper investment in those who are supporting the transition to a low carbon economy. The transitional economy of today is arguably just as important as the green economy of tomorrow.

The evolving taxonomy when it comes to investing for more than just profit was also covered, with participants highlighting that there are a number of challenges here, both in terms of cross-border descriptions and evolution as people look for more refined descriptions. Phrases such as ESG are beginning to lose some traction as they fail to offer the definition investors - and indeed fund managers - need, but this is being replaced by more granular terminology. Whilst the evolution here will again be painful, it should make screening for appropriate portfolio companies that much easier as a result and ultimately this contributes to an investment megatrend of unprecedented scale. And whilst there’s obviously no guarantee of success for every last company that becomes part of this decarbonisation initiative, there’s no shortage of confidence that significant rewards, both financial and environmental, can be seen in the years ahead.

At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!
Join OCTO Now https://octomembers.co
This content is available on the OCTO APP as CPD

OCTO HOT TOPIC Series on ESG and the decarbonisation of portfolios

John Lappin is joined by guests including Gabriela Herculano, CEO, iClima Earth and Caroline Shaw, Portfolio Manager, Fidelity International. They discuss now that responsible investing is at the forefront of investors’ minds and tackling climate change is both the right thing to do and big business. From emissions pledges to renewables, most listed firms have engaged. But how can investors identify those making real change versus the empty sloganeering? How can clients’ individual needs be catered for?

Understanding what companies are doing in terms of meeting their environmental - and indeed wider ESG - credentials also formed an integral part of the discussion. Panellists were universal in their acknowledgement of the idea that relying purely on big data to dictate investment decisions here was largely unhelpful. Both iClima and Fidelity use proprietary methodologies in understanding how a company works and whilst this is a resource-intensive process, it provides a far more credible set of outcomes.

There was also consensus that further evolution in this market will be seen, whether that’s in terms of more sophisticated reporting mechanisms or via product innovation. The former is certainly helpful, but there was concern that flooding advisers with choice brought with it some inherent risks. However, underlying product development – such as the ability for investors to build an ETF from scratch which only invests in the assets they want – could provide valuable options as this market grows.

At Octo, we invite you to Connect. Share. Engage. Join us to meet thousands of fund managers, advisers, consultants, marketers and paraplanners like you who are connecting in a trusted peer-to-peer community around topics like Advice, Economics, Practice Development, Portfolio Construction, Investments, Regulation … and much more!
Join OCTO Now https://octomembers.com/
This content is available on the OCTO APP as CPD

OCTO HOT TOPIC Series - Investing for climate change

Episode 1: The One about Cashflow planning     



We at Octo are delighted to introduce a new monthly video and podcast series by FE Investments where Rob Gleeson, CFA  will be speaking with industry experts. Coming at Investment from an Adviser angle and looking at how the industry is evolving. Debating the challenges and threats to the advice landscape. Providing solutions to Adviser problems with actionable insight. Available in video or podcast you can listen or watch wherever you are.

Kicking off the series Rob chats with Ray Adams Founder of CashCalc and Chairman of Niche IFA.  Ray is passionate about his role as an adviser, saying it is the best job in the world.  For him he loves turning those bits of paper into life goals and cashflow planning brings it all to life. They explore how it is helping advisers help more clients achieve those goals.  

A lot is covered in this debate with a number of Octo members questions answered including:

What is wrong with attitude to risk and why advisers need to focus on real outcomes. 
The importance of capacity for loss, and the important different between attitude to volatility/losses and capacity for loss. 

Is current regulation appropriate. Is it suited to an outcomes-based approach to advice to give advisers confidence to move away from a prescriptive risk-based approach to investment planning? 

What does cashflow planning not take account of? 

Cashflow planning and decumulation. 

How cashflow planning change attitudes to investment selection. Is consistency more important the maximising returns when it comes to selecting investments. 

Technology, innovation and the continued evolution of financial advice.

Another adviser podcast with FE Investments!  Episode 1 with Ray Adams

Investing in Innovation - Global Growth in 2021 and beyond

Host Lee Robertson and guests dug into some of the key themes and specific opportunities the experts are seeing, looking at where and how they are investing in innovation.  

Guests were Neil Goddin, Fund Manager, Artemis,  Benjamin Guest, Managing Director, Gresham House New Energy, Ian Mortimer, Portfolio Manager, Guinness Asset Management and David Docherty, Investment Director, Thematics, Schroders.

Our Hot Topic began with a global, top-down view of commerce where our guests gave us insights into the areas which excite them most. Host Lee Robertson kicked off with the big question as to where innovation really can be found?

David Docherty, investment director, thematics at Schroders, picked out key areas around energy transition and smart manufacturing.

Building on this point, Neil Goddin, fund manager at Artemis, stressed that most people underestimate how much innovation has gone on over the past 10 years, and how much will change in the future.

Benjamin Guest, managing director, Gresham House New Energy, was more reflective on the sharp rise of sectors which now dominate financial markets.

However, for Ian Mortimer, portfolio manager, Guinness Asset Management, it’s important not to get carried away technology, which after all is the sector which houses many of the world’s biggest companies.

The process to record your CPD couldn’t be simpler.

Remember that if you head over to https://app.octomembers.com/all-courses you can claim CPD for this as well as other Hot Topics, debates and interviews.

HOT TOPIC Investing in Innovation - Global Growth in 2021 and beyond

The use of performance fees remains an incredibly divisive issue in the fund space. While they may not be used widespread in the retail market space. Some fund groups do nonetheless still link their costs to returns. While others have suggested they may adapt pricing models in the future.

Our Hot Topic discussion, hosted by Lee Robertson. Covered all aspects of fee structures pitted opposing views. From some of most respected names in fund selection.

For Richard Philbin, CIO at Wellian Investment Solutions, performance fees are a great way to “align the interests of the fund, the fund managers, and the investor”.

“I’m not saying it should be 75bps and a performance fee; I’m saying that a performance fee should be brought in at a much lower starting annual management fee”.

Lining pockets

However, Mark Dampier, NED and formerly head of research at Hargreaves Lansdown, holds the view that performance fees just “line the pockets” of the fund managers.

“You [the fund manager] are rewarded with an ad valorem fee. Why would I want to pay a performance fee on top? You’re already doing the job so why must I pay you more? It’s a complete con. If a fund manager is so good then why not just have a performance fee then with no other charges?”

JB Beckett, NED and founder of New Fund Order, took a more balanced view though still expressed heavy suspicion around fund groups unduly profiting from performance fees.

“Personally, I like the idea of contingent fees, particularly if they are connected to outcomes, but the reality is that no investor gets to decide what the shape of that performance fee looks like,” he said.

To claim your CPD certificate visit: https://app.octomembers.com/posts/gr8-panel-debates-performance-fees-justified-or-a-complete-con

HOT TOPIC Innovating asset management fees: A debate with leading selectors

Join Octo host John Lappin Octo contributor and guests including Graham Brady, Head of Sustainabilty at Downing LLP, Cornelia Furse, Portfolio Manager at Fidelity International, Velislava Dimitrova, Portfolio Manager at Fidelity International and David Osfield, Global Fund Manager at EdenTree as they discuss climate change and decarbonisation of portfolios. 

Join the experts as they debate the questions being asked by the industry including:    

Some firms make bold claims about reducing their carbon footprint (Net-zero by 2050), so find out how are fund managers decarbonising their portfolios?  
Did COP26 deliver on its promise of building back better?  
How will the fund industry respond to the challenge to reallocate capital? 
What does a "just transition to a low carbon economy" mean for you? 

Climate change is now consecrated as one of the main drivers of macroeconomic and geopolitics for the 21 st century, what does that mean for you and your clients? 
 
Join the experts as they debate climate change and decarbonisation of portfolios.

ESG - Climate change and decarbonisation of portfolios

At all costs - pricing active management in a low fee world

HOT TOPIC At all costs - pricing active management in a low fee world

Asset Allocation

Asset Management

adviser

Financial advisor

Financial Planning

Asset Class

active management

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HOT TOPIC At all costs - pricing active management in a low fee world

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