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CEO update - 13 May 2020

Update from Paul Abberley - CEO of Charles Stanley, along with our latest market commentary

by
Paul Abberley

13.05.2020

The government has started to outline a relaxation of the lockdown rules and possible measures for organisations to return to their usual places of work. The UK guidance makes it clear that people should continue to work from home where they can.  In order to protect our staff, going back to our offices will be phased slowly and we will operate remotely for some weeks ahead yet.  We will monitor the situation and will keep you fully informed of any changes.

In the meantime, as we have now settled into our new working pattern, however will continue to update this page periodically with our latest information. When there is a material change to government guidelines that will impact our current working practices, we will send a communication to all clients.

I would, therefore, encourage you to visit our website each week for updates and new things to see and do in our Charles Stanley Community and the most recent Charles Stanley Radio podcasts and Housebound videos.

Market update

For investors, the headline news in UK stock markets in the last week or so was Royal Dutch Shell cutting its dividend by two-thirds.  This will have been unwelcome news for those who use income from their investment portfolios to finance daily living expenses, as it brought into sharp focus a trend of dividend payments falling sharply.  

Latest market commentary

On a more positive note, the global financial sector remains fully operational and our own adaptations to the lockdown environment also remain fully effective, with the sole exception of hairstyles, where the standards I expect of Charles Stanley are slipping!

I hope the stoicism and bravery we were just reminded of with the VE Day celebrations will help us all remain resolute in our own current situation.

With my best wishes to you and your family.

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