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In the interview, he predicts that profits and the market will go up this year owing to long awaited improvements in the economy.
However, he also outlines his plans for a less rosey scenario.
“If the markets go down a lot this year, I think they will go up more next year. So over the next three years, we should average between 5% and 7%.
“People are kidding themselves if they think they know what way it’s going to happen.”
Xavier Meyer comes in
Group will launch £4.5m in cost-saving measures over the coming months
The reluctance of platforms to allow for fractional trading means the inclusion of ETFs and investment trusts within MPS is being constrained
Record annual IHT take last tax year of £7.5bn likely to be beaten
Securing an income is no-longer purely a mathematical calculation, writes Oxford Risk’s Greg B Davies
Fund has split its fixed income exposure into four, rather than using a single broad index
