Tim Whiting, Founder and Managing Director of Timothy James & Partner, is mentioned in an article by Citywire's New Model Adviser. Tim says: "We essentially have up to 150 stranded clients. If you add up clients in a similar situation from all UK firms, it’s a lot of people! We want to be compliant and regulated, but we want a simple system that enables us to take up the passporting to make sure that our PI insurance covers us for the advice that we are offering those people."
Whilst keeping the human side of the coronavirus in mind, we have spent some time considering the longer-term effect to the economy and the worldwide stock market. We have also looked at the immediate effect it has had to the value of investments and when the government may be able to issue guidelines to allow certain lower risk parts of the population the option to return to work to help kick-start the economic recovery.