How will rising inflation affect financial planners?
For the past four months, the rate of inflation has beaten the Bank of England’s 2 per cent target.
Despite saying that this rise will be “transitory”, the central bank has warned inflation might soar over 4 per cent before the end of the year - meaning it could reach its highest point in a decade, and so far governor Andrew Bailey has not confirmed that rates will rise in order to tackle this.
This week, senior reporter Sally Hickey speaks to Lawrence Cook, head of UK intermediary distribution at Sanlam, and Michael Copeland, senior area manager at Wesleyan, about how advisers should be planning for high inflation.
They discuss whether inflation will continue to rise, how advisers should plan for it and which assets they should and shouldn’t hold.
The FTAdviser Podcast is the weekly podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is joined by guests from the industry to discuss the week in news and pressing industry issues.
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