We often refer to the way we invest as being a systematic approach. By this, we simply mean that we follow a disciplined, rules‑based, unemotional process. This note looks to explain - very simply - what a systematic approach to investing is, and why it is adopted. A systematic process applies to everything from the ongoing review process to the funds populating portfolios.

Happy New Year! In this note, as in previous years, we reflect briefly on 2025, focusing on several themes frequently raised by investors - most notably concerns around the notion of an AI 'bubble'. The article places the past year's market returns within a longer term historical context. We hope you find the insights and accompanying graphics both informative and useful.

We're pleased to share our latest insight: 'The unseen screening process'. While changes to portfolios may not always be frequent or visible, there is a great deal happening behind the scenes to ensure every investment is thoroughly screened and remains best in class. This note offers a look at the rigorous process and attention to detail that underpin our recommendations, and how this helps position your portfolios for long-term success.

We’re excited to share 'Tune Out the Noise', a documentary directed by Academy Award-winning filmmaker Errol Morris. Tune Out the Noise chronicles a group of academics whose groundbreaking research challenged the status quo, helped usher in a new era for investors, and reshaped the way the world views markets. The film features interviews with Nobel Prize-winning economists, financial professionals, and the brain trust behind Dimensional Fund Advisors.

23 July 2025 The introduction of IHT on pension death benefits from April 2027 has moved a step closer with the publication of draft legislation. There were widespread concerns that the original proposals were complex and would ultimately result in delays in winding-up estates. To address this HMRC have shifted the burden of reporting and paying the IHT on pension death benefits from the scheme administrators to the personal representatives.

Staying calm in turbulent markets - Periods of volatile markets can feel unsettling, especially when the news headlines are shouting loud.