The return of the mutual fund

The original sound principles of mutual funds – the pooling of investor assets into low-cost, efficient and diversified vehicles that gained access to stocks and shares have steadily been eroded. Costs have risen when they should have been falling. Fund proliferation is being driven by provider push rather than customer need. And substantial value has leaked from advisers and customers. The RDR provides an opportunity to reverse these trends, create funds with guardians whose interest is aligned with their customers and lead to a significant boost in adviser capital – the return of th...