Opinion

GOSLING'S GROUSE

CONTRARIAN

The last month has seen financial markets become increasingly unnerved by suggestions the US Federal Reserve is beginning to contemplate curtailing the rate of quantitative easing.

As I survey the market, and especially fund flows, Roman poet Horace's famous maxim springs to mind - "if possible honesty, if not, somehow make money".

Last week Aberdeen held a little party in London to celebrate its 30th anniversary - a remarkable achievement for a company which, at the turn of the century, did not look like it would last another three years, let alone 30.

If there was any need to highlight the regulatory challenge faced by wealth managers, the FSA ‘Dear CEO' letters have made the issue strikingly clear.

MUNDY'S MOMENT

CONTRARIAN

GOSLING'S GROUSE

There had been strong hints the new financial services regulator, the FCA, was preparing to make the right decision about whether VCTs and EIS could be sold to ordinary retail investors.