News

Global equities are buoyant, with industrials lifted by defence and infrastructure demand. Financials gain from credit quality, revived deal‑making, and investments into private markets. Gold outpaced major indices. Mega-cap AI techs continue to drive gains in the S&P 500, but other sectors are strengthening.

Higher risk: Trump trade war puts the global economy at a knife edge.

Thematic review of UK KIDs

The FCA has requested feedback on proposed changes to the UK PRIIPS KIDS regulation to a new CCI KIDs regime. Before responding to the FCA consultation we conducted a thematic review on current KID disclosures.