You cannot rely on opinion. Fact.

REGULATION

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The FSA was explicit this month: advisers cannot rely on investment opinion. So where does that leave those caught up in Arch Cru?

The number of outsourcing evangelists appears to be growing. And, according to this expanding group, the complexities faced by companies carrying out the investment function in-house are becoming too numerous to mention. Though there has always been an element of self-interest in this semi-scaremongering, recent comments from the Financial Services Authority (FSA) appear to be fuelling the debate. Speaking at a Defaqto conference in July, FSA technical specialist Rory Percival outlined the risks advisers face when fund-picking, particularly when they base decisions on third party info...

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