“FCA mulls online test for high risk investments”

May 5, 2021 | Financial Services

There has to be something I’m missing here. High risk investments are almost certainly the ones offering the highest returns, usually for putting your money in an apparently sure thing. Or more often, a not-so-sure thing which is so complicated that it sounds like a sure thing. They’re usually unregulated, which means if and when they go belly up, there shouldn’t be any compensation for greedy punters. So just ban them. And smoking. And absinthe. Or at least tax them to oblivion…

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“‘Millennial clients require a different style of advice'”

“‘Millennial clients require a different style of advice'”

Don’t we all love to pigeonhole, about as much as we hate to be pigeonholed. It’s fair to say  that the majority of financial advisers’ clients fit in the ‘Boomer’ hole, those born between 1946 and 1964, with an increasing number of 1965 to 1980 Ten X-ers, who are either at-retirement or reaching the age when it’s suddenly imminent.