The FCA lifts its ban on Cryptocurrency ETNs
On 8th October 2025 the Financial Conduct Authority (FCA) opened up retail access to cryptocurrency exchange traded notes, lifting restrictions that have been in place since January 2021.
On 8th October 2025 the Financial Conduct Authority (FCA) opened up retail access to cryptocurrency exchange traded notes, lifting restrictions that have been in place since January 2021.
• Federal Reserve cuts interest rates, but European Central Bank and Bank of England hold steady
• Sovereign debt pressure builds as gilt issuance hits record levels in UK
• US tech giants announce landmark investments in UK
With apologies for borrowing from the late great Mark Twain… our latest blog outlines our thoughts in relation to reports of the alleged ‘death’ of ESG, including looking into the history of ESG, where some of these claims are coming from, the motivation behind them, and where things stand as we look forward.
• Latest Trump tariffs keep markets in a cautious tone
• Bank of England cut rates by 0.25% to 4%
• Emerging market stocks appear attractive for investors
Our latest market commentary covers the drivers of market conditions across Q2, along with factor, asset class, and portfolio returns.
Portfolio rebalancing, once thought of as a necessity that occurred once a year, perhaps after a client review, or just ‘because’, is a process that has changed dramatically since the rise of Discretionary Fund Management (DFM) and Model Portfolio Services.