More warnings about the consequences of a withdrawal of AIM IHT relief:

The Bank of England Financial Stability committee warns of risks of a consumer credit crunch due to inflated asset values "measures of equity risk premia [were] close to historical lows in the US, EU, and UK even after the August short-lived correction.”

(Times Subscription required)

abrdn rolls out blueprint for alternative cost disclosure documents as industry awaits final regulatory call. abrdn has put forward what it sees as a solution to the cost disclosure issue for investment trusts.

abrdn have issued an example of their proposed "Statement of Operating Expenses" for Murray International Trust in the hope that it becomes the template for other Investment Trusts and solves a market wide problem with misleading costs on KID documents.

Is there about to be a renewal of interest in the Investment Trust Renewables sector currently trading at high NAV discounts and generous yields? So asks the AIC in its latest Spotlight newsletter.

Don’t follow the herd! And maybe just sit tight and ride out any storm.

As a follow-up to last week's blog on the UK's new National Wealth Fund, this Times article suggests the NWF isn’t all it's cracked up to be.

The left-leaning Policy think tank, the IFS issues a paper on Capital Gains Tax reform. What a surprise, just as the Treasury have been leaking all those possible CGT tax rises, up pops a supportive policy paper from a think tank that has been roundly criticised for its links to Labour ministers and for flaky analysis on Education taxes.

LSEG is under attack for lobbying to water down Corporate Governance rules with the Financial Reporting Council. Especially the need for Going Concern statements and shareholder votes against executive remuneration. Pointing out that the LSEG’s  Capital Markets Industry Taskforce has no representatives of Asset Owners, but lots of CEOs and some executives with a very checkered past.

(Times Subscription required)

This is exactly why strict Executive Remuneration rules are essential. Playtech are under fire for “obscene” bonus proposals. Doing your job is not a good enough reason to get “life changing wealth” says activist shareholder.

Panmure Liberum comments that the overly complex UK tax system is desperately in need of reform and calls for a Royal Commission:

Meanwhile company executives are selling off their family silver to avoid potential CGT hikes, in the form of over £1bn of stakes in their own companies.

Reports that the Chancellor will leave higher rate pension tax reliefs unchanged, but that risk still exists to the cap on 25% lump sum withdrawals and other changes are still in the mix.

The Chancellor is changing the rules on how public debt is measured, to allow more spending, which may spook markets and is anyway likely to spur inflation, again.

CRYPTO?? Not for you, or I, or any other private 'retail' investor, says the FCA.

The FT reports that a cross-industry coalition of businesses has urged the UK prime minister to make financial education compulsory in all English schools, adding pressure on the government to ensure children are taught how money works from an early age. ShareSoc wholeheartedly agrees. And perhaps ShareSoc's Investing Basics videos should be part of it.

(FT subscription required)

McKinsey's quarterly Global Economic Outlook is more pessimistic than of late. 

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