Industry news and views from Panacea and our partners.
Investment Commentary_
BNY: UK Chancellor opts for backloaded fiscal tightening in mixed bag Budget
UK Chancellor Rachel Reeves has delivered a highly anticipated Autumn Budget against a backdrop of intense public and market scrutiny. Significant tax rises were announced but fiscal tightening is mostly pushed to a few years down the line, says BNY Investment Institute head of economic research, Sebastian Vismara.
Artemis Outlook: UK Equity Income
In this short video, we ask our fund managers where they are actively investing to capture the next phase of growth and how they are positioning portfolios to navigate ongoing macroeconomic risks.
Baillie Gifford: Smarter models, sharper founders: growth investing in the AI era
Baillie Giffords Kyle McEnery shares his approach to meeting the entrepreneurs building the future including encounters with AppLovin, Anthropic, NVIDIA, Roblox and Reddit.
Rathbones Asset Management - In The KNOW blog: Time to Relx: How AI could transform clinical decision making
Amid growing investor scepticism about the potential payback from some firms huge investments in AI, one sector already seems to be reaping clear AI-driven gains: healthcare. Sustainable investment analyst Neil Smith explains how bespoke generative AI tools could transform healthcare delivery, improve patient outcomes and ease stretched spending budgets.
Fidelity Adviser Solutions: Stay invested, be diversified
After three years of rising markets, Fidelitys Tom Stevenson is optimistic but cautiously so. While the bull market is clearly long in the tooth, it feels like it has further to go. Staying invested, being diversified and holding a decent cash buffer to ride out any volatility looks like a sound strategy for 2026. Here, Tom offers his insights into the global economy and emphasises the enduring importance of diversification.
Pimco: Compounding Opportunity
Following strong 2025 returns, high quality fixed income continues to offer attractive yields and global diversification at a time of stretched equity valuations and tight credit spreads.
Schroders: Emerging markets debt investment views - January 2026
After three years of strong returns, we think EMD still has more to give, with the recent recovery in fund flow likely to gain more traction.
Aberdeen: AI fever hits bond markets tactical play or a bigger bubble?
Explore how tech giants are driving a surge in bond issuance as AI accelerates creating new opportunities and risks.
BNY: Healthy correction?
After climbing 17% year to date through late October, the S&P 500 declined 5% through November 20. We believe the market was due for a healthy correction. While further downside is possible, it would not concern us.
Artemis Outlook: US Equities
In this short video, we ask our fund managers where they are actively investing to capture the next phase of growth and how they are positioning portfolios to navigate ongoing macroeconomic risks.
Aberdeen: Seeing the big picture: what art can teach us about modern portfolios
Pointillist art offers a compelling insight into building resilient portfolioswhere each investment plays a role in shaping the whole.
M&G: Weekly market commentary - available now
The weekly market commentary from the investment experts at M&G Life Investment Office for you to read and theres also a customer-friendly version to share directly with your clients.
Schroders: Quarterly markets review - Q4 2025
A look back at global equity and bond markets in the fourth quarter of 2025, as many markets posted strong returns for the year and showed signs of broadening beyond a narrow group of technology stocks.
AXA IM: China's persistent deflation constrains market broadening
In December, Chinas rate of inflation accelerated at its fastest pace in nearly three years, primarily driven by higher food prices.
AXA IM: Multi-Asset Investments Views: Homeward bound
The US Federal Reserve (Fed) delivered its third interest rate cut in a row in December - despite the absence of much public macroeconomic data due to the US government shutdown, and questions hanging over the quality of some of the data which was subsequently published.
Pictet: The de-USification trade rolls on
Emerging market debt grows increasingly attractive in a world of volatile US policy
Aberdeen: MyFolio 2025: award-winning multi-asset investing
Celebrating 15 years of clarity, confidence, and client-first investing
BNY: Q&A: Potential Yield Opportunities and the Case for Going Global
Insight Investment senior portfolio manager Harvey Bradley takes an opportunistic and active approach to fixed income and makes the case for global exposure.
To MPS or Not MPS: choosing the right tool rather than the default
As advice firms look ahead to 2026, many are taking stock of the investment decisions theyve made over recent years, particularly the role Model Portfolio Services (MPS) now play within their advice models. With Consumer Duty bedding in, FCA scrutiny increasing and client expectations continuing to evolve, advisers are reassessing not just whether MPS belongs in their proposition, but how and where it should be used.
Rathbones Asset Management - The Sharpe End podcast: Crude awakening
As the calendar page turns to 2026, the team discuss what the year ahead could hold. Will the new year bring about any changes or is it business as usual?
AXA IM: Take Two: Stocks enjoy strong start to 2026; Eurozone inflation returns to target
Global stocks enjoyed a strong start to 2026 with several markets already reaching new highs. The Dow Jones Industrial Average closed above 49,000 for the first time last week while the S&P 500 also hit a record high. Europes Stoxx 600 also closed at a new peak as did Japans Topix and Nikkei 225 indices. Additionally, the UKs FTSE 100 crossed 10,000 points for the first time on its first trading day of the year. Continued optimism over artificial intelligence and expectations of lower interest rates helped drive the rally although concerns over geopolitical tensions slightly tempered its momentum.
Transform Your Marketing in 2026 with AI Insights
Discover how AI tools can reveal the true impact of your messaging. Many firms are surprised to find that their communications contain generic claims, unclear benefits, and "industry wallpaper" positioning that quietly damages conversions, pricing power, and referrals.
Financial Planning: Fascinating Facts and Figures salary survey
Each year, Paul Harper Search publishes its Financial Planning: Fascinating Facts and Figures salary survey a widely trusted source of insight for firms shaping remuneration and hiring decisions across the profession.
NextWealth Live 2026 | 18 March | London
As the wealth industry continues to evolve, sustained growth will depend on rethinking both strategy and execution. NextWealth Live 2026 brings together senior voices from across the sector to explore whats changing - and how firms can respond with confidence.
Rathbones Asset Management - In The KNOW blog: 2026: The Year Ahead. Maybe?
As is now the annual ritual, the head of multi-asset investments David Coombs reveals his top 10 predictions for 2026. As usual, they should be taken with a very healthy dose of salt
Schroders: Year Ahead 2026: Asian Equities
Asia delivered standout returns in 2025, powered by AI-driven capex and improving governance, but with performance sharply diverging across markets. What will 2026 bring?
M&G Mix and Match Video
The video demonstrates how the Prudential Retirement Account flexes to meet changing needs, supporting confident retirement outcomes at every stage.
Artemis Outlook: Global Emerging Markets
In this short video, we ask our fund managers where they are actively investing to capture the next phase of growth and how they are positioning portfolios to navigate ongoing macroeconomic risks.
BNY: Treasury Road Trip
At $30 trillion outstanding, on its way to $52 trillion over the next decade, the U.S. Treasury market is the deepest, most liquid government bond market in the world.
Aberdeen: Real estate: how resilience yields opportunities in 2026
Resilience is reshaping real estate in 2026. Which sectors offer the best opportunitiesand how can investors seek to future-proof their portfolios for a changing world?
Pictet: Barometer: Stocks set for further gains as economic conditions remain benign
We remain overweight stocks, and expect emerging market equities to build on their gains thanks to additional rate cuts and healthy economic growth.
Wesleyan: 2025 - Q4 market commentary
In our latest market commentary, we take a look at the global and bond markets, inflation and interest rates and the end of the US shutdown.
Schroders: AI economic scenarios: revolutionary growth, or recessionary bubble?
Investors focus into 2026 is turning increasingly to AI-related risk: is it a stock market bubble that is about burst, tipping the US into recession? Or is it the onset of a third industrial revolution? And what would either scenario mean for the global economy, financial markets and society?
Pimco: Geopolitics: Europes Place on the Global Stage
In a shifting world where geopolitics is reshaping the economic landscape, join PIMCOs experts and special guests as they dive into the key topics that matteroffering informed perspectives and real-world insights, all through a European lens.
Artemis Outlook: Global Income
In this short video, we ask our fund managers where they are actively investing to capture the next phase of growth and how they are positioning portfolios to navigate ongoing macroeconomic risks.
Aberdeen: Emerging markets debt: how Trump's return is shaping opportunities
Emerging markets are adapting to Trumps return, navigating tariffs and volatility. Will resilient economies and high yields create new opportunities for investors in 2026? Discover whats driving EM debt now.
Pictet: How AI is laying the foundations for Quant 2:0
David Wright, Head of Quantitative Investments at Pictet Asset Management, details the recent advances in AI that are helping quantitative strategies to evolve into the next generation of investment.
Aberdeen: Global Economic Outlook: the cycle rolls on - for now
Will AI-driven growth keep global markets rolling, or are new risks on the horizon? Discover key forecasts for the US, China, Europe and Japan in our latest economic outlook.
Artemis Outlook: UK Equities
In this short video, we ask our fund managers where they are actively investing to capture the next phase of growth and how they are positioning portfolios to navigate ongoing macroeconomic risks.
Pictet: The market for longevity
The global demographic shift - longer lives and fewer children - isn't just a risk for investors, it's also creating opportunities