Whether you go down the active or passive management route should depend wholly on the needs of your client, says Rebecca Murphy, director at North Investment Partners.
The FSA believes current regulation is insufficient to ensure that advisers deliver appropriate and cost-effective investment solutions to their clients. Most advisers already understand their professional obligations to their clients and act accordingly but, for the outliers, the Retail Distribution Review (RDR) will soon help the regulator to compel all to apply greater robustness to their advisory processes. Yet, because the ‘total value’ of the service provided by the adviser to their client in relation to their investments, (by that I mean meeting the individual client’s objectives ...
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