@peter_IFAMAG reads Twitter so you don’t have to.
US stock market data going back to the year Thomas Jefferson died shows the cumulative loss of value factor since the most recent peak hit the lowest point in two centuries. Meanwhile in the UK, small and mid-sized businesses raise concerns over the British Banking Resolution service.
Firstly, major fraud alleged at a Lloyds Bank’s Bristol unit.
Review alleges 'major fraud' at Lloyds Bristol unit committedhttps://t.co/1ugNGjJLNm
— APPG on Fair Business Banking (@APPGbanking) October 25, 2020
Over the weekend, Henry Pryor suggested lenders and mortgage valuers were holding up the housing market.
https://twitter.com/HenryPryor/status/1319557676502835200
James Hurley shares the story covering the businesses criticising the British Banking Resolution.
Banking industry's new redress scheme for small & mid-sized companies in trouble ahead of its launch amid resignation threats and calls for chancellor Rishi Sunak to intervene https://t.co/7aHRCZg323
— James Hurley (@jameshurley) October 26, 2020
Australia is set to make underperforming funds’ fees public.
Down Under, underperforming "Super" funds are to be shamed on a website, where millions of retirement savers will also be able to compare charges.
In the UK, the Govt has decided not to compel providers to disclose fees on annual pension statements.https://t.co/iDrZJ501He
— Josephine Cumbo (@JosephineCumbo) October 26, 2020
And finally, Robin Wigglesworth shares truly staggering US market data visualising the current antipathy for value investing.
Value investing has been going through a dire run lately. Stock market data suggests going back to the year Thomas Jefferson died suggests that it is in fact the worst run in at least *two centuries*. https://t.co/CtBIdX7yMG pic.twitter.com/vkGe9Ywbop
— Robin Wigglesworth (@RobinWigg) October 26, 2020
What are your thoughts on these tweets?
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