UK

Mark Robinson, chief investment officer of Bordier UK, takes a closer look at some of the pressure points and bright spots for global markets.

Fund launched last month

Property and equity sectors record largest outflows

Helped by foreign currency exposure

FTSE 250 suffered since referendum

Follows failed attempt last week

Sterling jumps 0.8%

Our new Theresa May-led Conservative government seems to be engaged in a classic example of kitchen sink revisionism, steadily ditching a whole series of commitments made by its predecessor.

The FCA's latest review is on so-called Retirement Outcomes, which is designed to see how the retirement income market is developing on the back of pension freedoms.

Now the immediate fallout from the Brexit vote is behind us, the investment industry is beginning to think about the longer-term impact of the UK's decision to leave the EU.