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<br /> ISSUE 106 | SUMMER/AUTUMN 2020<br /> AFRICA<br /> BEYOND<br /> THE<br /> HEADLINES<br /> A STORY OF UNTAPPED<br /> GROWTH POTENTIAL<br /> WELCOME<br /> W<br /> elcome to the latest issue of The Investor magazine. As the<br /> coronavirus continues to touch all aspects of our lives, the<br /> articles inside reflect this tumultuous time.<br /> In our look at global supply chains, we explore the<br /> weaknesses the pandemic has exposed, and what changes we might begin<br /> to see in the future.<br /> Economist Roger Bootle explains how the Bank of England is supporting<br /> the UK economy, as well as its limitations.We also highlight the ways small<br /> businesses – with the help of professional advice – have used their agility<br /> and ingenuity to find opportunities to thrive despite the<a title="St James's Place The Investor Magazine page 1" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=1"> ISSUE 106 | SUMMER/AUTUMN 2020 AFRICA BEYO</a> <a title="St James's Place The Investor Magazine page 2" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=2"> WELCOME W </a> <a title="St James's Place The Investor Magazine page 3" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=3"> SUMMER/AUTUMN 2020 Contents 7 4 10 </a> <a title="St James's Place The Investor Magazine page 4" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=4"> News Foundation responds to COVID-19 crisis More </a> <a title="St James's Place The Investor Magazine page 5" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=5"> St. James's Place introduces new `InRetirement' f</a> <a title="St James's Place The Investor Magazine page 6" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=6"> 乥ws Results from our latest client survey A </a> <a title="St James's Place The Investor Magazine page 7" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=7"> 偨ilanthropy: give 扥tter, not 橵st more The tr慤楴楯n</a> <a title="St James's Place The Investor Magazine page 8" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=8"> rather than just applaud. However, even the best </a> <a title="St James's Place The Investor Magazine page 9" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=9"> Whatever approach is taken – effective altru</a> <a title="St James's Place The Investor Magazine page 10" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=10"> Success story: HookeHighways It is in the nature</a> <a title="St James's Place The Investor Magazine page 11" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=11"> There were 5.9 million SMEs in the UK in 2019, ac</a> <a title="St James's Place The Investor Magazine page 12" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=12"> their business models to meet the changing needs </a> <a title="St James's Place The Investor Magazine page 13" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=13"> support. In more recent </a> <a title="St James's Place The Investor Magazine page 14" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=14"> How can we narrow the ethnicity pension gap? We </a> <a title="St James's Place The Investor Magazine page 15" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=15"> DAWID KONOTEY-AHULU Co-founder of investment cons</a> <a title="St James's Place The Investor Magazine page 16" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=16"> W HO MUCH WORTH? YOU Unpaid yet essential work </a> <a title="St James's Place The Investor Magazine page 17" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=17"> the debate dates back to the 1940s; the (male) ec</a> <a title="St James's Place The Investor Magazine page 18" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=18"> Embracing the new normal VICKI FOSTER Head of In</a> <a title="St James's Place The Investor Magazine page 19" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=19"> 26 vs 16 In the UK, women do 26 hours of unpaid </a> <a title="St James's Place The Investor Magazine page 20" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=20"> W䅋䔭啐 䍁䱌 䡯眠com灡nies are reⵥvaluating their su</a> <a title="St James's Place The Investor Magazine page 21" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=21"> THE Q&A Rethinking fundamentals Hamish Douglass</a> <a title="St James's Place The Investor Magazine page 22" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=22"> THE CASE STUDY Too-lean supply chains buckle und</a> <a title="St James's Place The Investor Magazine page 23" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=23"> THE BIG QUESTION But what of the geopolitical sit</a> <a title="St James's Place The Investor Magazine page 24" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=24"> 䙒位 偏呅乔䥁䰠TO 偒体偅剉呙 Four e硰erts challenge e硩sting 灥</a> <a title="St James's Place The Investor Magazine page 25" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=25"> with the 1970s, when many countries had access to</a> <a title="St James's Place The Investor Magazine page 26" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=26"> COVID-19, but also in healthcare, education and l</a> <a title="St James's Place The Investor Magazine page 27" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=27"> 䅮杯污’猠杯癥牮浥湴 桡猠浡摥 捨慮来猠瑯 瑨攠捯畮瑲禒猠汥条氠 晲慭敷潲欠瑯 業灲潶攠捯浰整楴楯</a> <a title="St James's Place The Investor Magazine page 28" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=28"> Lessons for an ageing world Beyond 灬acing 灲essure</a> <a title="St James's Place The Investor Magazine page 29" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=29"> 2050.This shift is heavily in uenced by China, th</a> <a title="St James's Place The Investor Magazine page 30" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=30"> In a paper published in 2018 by the US Nati</a> <a title="St James's Place The Investor Magazine page 31" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=31"> TO乙 ䷜䑄 䡥ad shot </a> <a title="St James's Place The Investor Magazine page 32" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=32"> DEMYSTIFYING THE MAGIC OF CENTRAL BANKS Set</a> <a title="St James's Place The Investor Magazine page 33" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=33"> C entral ban</a> <a title="St James's Place The Investor Magazine page 34" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=34"> eventually brought down if spending rises at a sl</a> <a title="St James's Place The Investor Magazine page 35" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=35"> </a> <a title="St James's Place The Investor Magazine page 36" href="https://secure.viewer.zmags.com/publication/a846a2b8?page=36"> </a>