What is investment pre-funding and which platforms do it?

On platforms that do not pre-fund, time out of the market can be exactly what investors face. According to research conducted by the lang cat and shared exclusively with Professional Adviser, a £250,000 fund switch (assuming markets are rising at 7% per year) can cost an investor as much as £192 if done via a platform that does not pre-fund for rebalancing. That is because it may take as long as four days for the switch to be processed, all while markets are continuing on their merry way. As the lang cat report notes, investment pre-funding refers to platforms that are prepared to ...