SoapBox Ep.13: Great Companies Beaten by Inflation, The Pensioner Tax Raid, and Minting New Advisers

You can own the biggest, best companies in the world, hold them right through a historic bull market, and still end up behind inflation. This episode opens with a real ten-year review that did exactly that, and asks how a whole profession keeps getting paid to underdeliver. Abraham Okusanya and Matt Pitcher are joined by Julian Gilbert, Founder and Director of Wealth Matters, for a blunt hour on where advice earns its keep and where it quietly lets people down. In this episode: Great companies beaten by inflation. An expensive, actively managed, almost entirely equity proposition that trailed inflation for the best part of a decade, through one of the great bull runs, and what that says about active management and the fees behind it. The pensioner tax raid. Fiscal drag is pulling more retirees into higher-rate tax every year, the triple lock has become the most toxic subject in the profession, and the demographic maths underneath it is starting to look impossible. Inheritance tax. Pensions are being pulled into the estate, and the panic is real. Where business relief still earns its place, and where it very much does not. Minting New Advisers. The people in the room are ageing, and the only routes in are a big-name academy sausage machine or a small firm willing to gamble on a trainee. So where does the next generation actually come from? Three arguments, no fence-sitting, and a guest happy to say the thing out loud. GUEST Julian Gilbert, Founder and Director, Wealth Matters https://www.wealth-matters.co.uk/ LISTEN ON ALL PLATFORMS Spotify: https://open.spotify.com/show/0x7rCJ8... Apple Podcasts: https://podcasts.apple.com/gb/podcast... YouTube:    / @adviser3.0   ABOUT SoapBox is the topical, no-holds-barred strand of the Adviser 3.0 podcast, where Abraham Okusanya and Matt Pitcher pull apart the arguments shaping UK financial advice with a rotating guest in the hot seat. Made for financial advisers, planners and IFAs who want the real conversation, not the press-release version. #FinancialPlanning #FinancialAdvice #IFA #UKFinance #Pensions #InheritanceTax #TripleLock #RetirementPlanning #WealthManagement #Podcast