Skandia boss attacks anti-past performance stance of FSA comparative tables
Skandia's director of investments, Jim Roberts, has accused the FSA of being wrong that past performance is no guide to future returns. Roberts made the statement at the Skandia Pathfinder Forum for intermediaries at the Queen Elizabeth II Conference Centre, where he challenged the validity of the FSA's interpretation of research on past performance, saying the findings did not justify the FSA's rigidly anti-past performance stance. That stance is encapsulated in the upcoming launch of the FSA's comparative product tables, which will not contain past performance information. Skandia has...
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