Industry news and views from Panacea and our partners.

Investment Commentary_

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Fidelity Adviser Solutions: Webinar replay: Tax planning considerations following Labour’s first Budget


To help you prepare for the upcoming period and ensure good client outcomes, Fidelity’s Paul Richards, Paul Squirrell and Jon Hale consider all the implications for retirement and tax planning. The panel reflects on what has changed or is about to change and, importantly, what has stayed the same, in areas such as pensions, ISAs and capital gains tax.

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Fidelity Adviser Solutions: Capital Gains and Investment Accounts


At face value, calculating the gains or losses on an investment seems a relatively straightforward process. In reality, it can be quite complicated. In this video, Fidelity Paul Squirrell covers the methodology for performing these calculations as well as how to establish whether any tax is payable and, if so, how much.

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Fidelity Adviser Solutions: TTFACs for clients over age 75 and taking PCLS


Should you consider applying for a transitional tax-free amount certificate (TTFAC) for a client who is over age 75 and looking to take a Pension Commencement Lump Sum? Fidelity Paul Squirrell considers why this generally makes sense for clients in this position and the additional considerations for individuals who reached age 75 before 6 April 2024.

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Schroders Adviser Forum: Your challenges, our solutions


The global economy is facing a number of complex challenges. Our experts share some key insights from the Schroders Adviser Forum to help navigate the key challenges and opportunities in 2025.

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Rathbones Asset Management - In The KNOW blog: Are you 100% faithful to Net Zero?


Fresh from finishing the latest season of The Traitors, our engagement analyst Jenny Twigg is ready for much more open dialogue with our investments in the year ahead.

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Diabetes: investing for positive change


Baillie Gifford’s Nduka Amadi explores how innovative investments in diabetes care are driving positive change and improving global health outcomes. Capital at risk.

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T.Rowe Price: AI agents and robotics: Key drivers of future tech innovation?


Our 2025 outlook for global technology remains optimistic as information technology spending increases and demand continues to surge for the semiconductor chips that are crucial for artificial intelligence (AI) innovation.

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Schroders: Energy transition under Trump 2.0: misconceptions vs. realities


Fears about the adverse impact the Trump administration will have on the renewable energy sector in the US may be overstated.

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Orbis: Dependent on great expectations


Today, expectations are extraordinarily high in the US stockmarket, and investors need to believe amazing things will occur to expect the returns of the recent past to repeat.

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Pictet: Megatrending 2025: opportunities ahead


Discover the forces shaping our world in our latest Megatrending report. Delve into cutting-edge insights from leading experts on the trends that will define the future.

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Schroders: The Value Perspective Podcast – with John Husselbee


Hi everyone and welcome to the latest episode of Allocators’ Edge, a TVP subseries where we talk to the world’s top capital allocators. This time, we are joined by John Husselbee, head of multi-asset at Liontrust.

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Orbis: Risk and return from the bottom up


Matthew Spencer, Head of UK Retail, explores the key risks and opportunities in today's markets, from semiconductors and the critical energy infrastructure to rising government deficits.

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AXA IM: January Op-ed - Macro Roller Coaster


Despite the “data fog” and uncertainty on the extent to which President Trump will deliver on his platform, we remain in the “US inflation resumption” camp.

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PIMCO: ECB: Heading Towards Neutral


Despite still elevated domestic inflation, weak growth and inflation projected at target this year strengthen the case for further rate cuts.

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Schroders: 2025 perspective: Why Asian dividends deserve a closer look


Amidst geopolitical tensions and market volatility, Asian dividend stocks could provide a stable source of income.

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AXA IM: January Global Macro Monthly - A new Golden age


A new policy direction in the world’s largest economy would always be important but now more than ever as the US has enjoyed strong growth in recent years while other large economies have struggled.

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Pictet: Barometer: US a bright spot as risks to rally multiply


As risks to the world economy multiply we have downgraded equities to neutral but still expect US stocks to outperform most other markets.

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AXA IM: Multi-Asset Investments Views: Not MAGA-bullish but cautiously optimistic


Donald Trump has been remarkably active since he was sworn in as the 47th US President on 20 January - signing executive orders, particularly on social matters and pushing his deregulation agenda but showing less urgency on trade tariffs.

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AXA IM: Technology sector volatility: Investors spooked by China’s AI startup


Technology stocks experience bout of volatility after new Chinese AI model cast doubts over US dominance of the sector.

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Schroders: Ten stockmarket themes for 2025 and beyond


We consider some of the potential beneficiaries of a change in market leadership should the giant US technology stocks struggle to extend their outperformance.

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Schroders: The Value Perspective Podcast – with John Husselbee


Hi everyone and welcome to the latest episode of Allocators’ Edge, a TVP subseries where we talk to the world’s top capital allocators. This time, we are joined by John Husselbee, head of multi-asset at Liontrust.

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AXA IM: Five things to consider for Fixed income in 2025


Yields in fixed income are high versus historical levels – the Bloomberg Global Aggregate index yield level is in the 78th percentile of yields over the past 20 years, and the 88th over the past 10 years.

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M&G: Tax Year End Planning


This week they’ve got a video for you highlighting when investments trigger a need to self-assess or to contact HMRC to pay tax. Very topical of course - with regard to 2023/24, the deadline for submitting an online return and paying the tax owed is midnight 31 January 2025.

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M&G Tax Year End Planning


This week is a question and answer regarding Capital Gains Tax (CGT). It’s a tricky one as it features a concept not familiar to many. That concept is ‘beneficial ordering’ and needs some explaining.

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M&G Tax Year End Planning


M&G’s Technical Team is here to help with you with your Tax Year End planning, we've a wide range of tools, technical resource and investment solutions available to make your tax planning job easier. Over the coming weeks on the run up to Tax Year End, we’ll be issuing out a TYE themed video or TYE planning questions and question.

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Pictet: Seven trends to watch in 2025


The key trends in science, technology and sustainability over the next 12 months – and beyond.

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AXA IM: Postcard from Davos


The US President’s speech in Davos may have embodied “Peak Trump”. With the European response still hindered by internal difficulties, the ECB, as usual, will have to provide a “bridge”

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Schroders: Our multi-asset investment views - January 2025


We remain positive on equities as they continue to be supported by healthy earnings growth. Find out more about our views on a range of asset classes here.

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Pictet: Thematic equity: the active element of a global stock portfolio


Since the 1990s, we have been building active thematic equity strategies aiming to identify the winning companies of tomorrow in some of the world’s most dynamic industries. An approach that has struck a chord with a growing circle of investors.

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Schroders: Podcast: Everything you need to know about the circular economy but were afraid to ask


Fund Manager Jack Dempsey joins the pod to discuss investing in the circular economy.

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AXA IM: The good, the bad, the opportunities: green bonds in 2025


Last year saw the green bonds market achieve record levels of issuance and outperform the conventional bond market.

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Schroders: Unconstrained fixed income views: January 2025


The election of Donald Trump has raised the likelihood of inflation remaining sticky and interest rates kept higher for longer.

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Artemis: How to react to turmoil in the gilt market


Liam O'Donnell explains what is behind the recent spike in UK borrowing costs and what this means for bond investors. https://arte.fund/ggzgy5

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Artemis: Looking for diversification? Look beyond the usual suspects


Multi-asset investors can enjoy attractive returns without placing a concentrated bet on mega-cap growth stocks in the US.

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Artemis: A ‘new regime’ for multi-asset investing


In what ways has the world changed since the end of the pandemic? Will those changes continue? And what implications does regime change have for multi-asset investors?

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Artemis: Webinar: Emerging Markets


Thursday 13 February 10:00am Emerging markets are the world’s fastest-growing economies, offering attractive growth and income opportunities at discounted valuations. This represents a compelling entry point for investors. Register to hear fund manager Raheel Altaf discuss: How the SmartGARP tool is shaping stock selection Why now for a value bias The risk reward pay-off in China

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Fund in 5ive: Artemis Corporate Bond Fund


In this Fund in 5ive, Artemis’ Stephen Snowden discusses the portfolio from five angles including the process and key differentiators and explains why now is a good time to invest in the asset class.

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M&G: Weekly market commentary - available now


The weekly market commentary from the investment experts at M&G Treasury & Investment office is now available for you to read and there’s also a customer-friendly version to share directly with your clients.

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AXA IM: Every which way, markets are ok


It is early days but nothing that US president Donald Trump has said or done has caused a bad reaction in financial markets. Quite the contrary. After a tricky first few days of the year, equities are up, and so are bonds.

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PIMCO: Bank of England: How Low Will Interest Rates Go?


With the highest policy rate among large developed countries, the U.K. has become an outlier, but we expect interest rates will fall by more than markets expect, with significant implications for gilt yields.

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