AUTIF is under fire from one of its own members who claims the trade body has failed to protect...
AUTIF is under fire from one of its own members who claims the trade body has failed to protect the public's interest regarding its past performance claims. Virgin Direct has condemned AUTIF's announcement that there is "conclusive" evidence that past performance figures can provide a robust and reliable guide for consumers choosing investment funds. Virgin's marketing manager Gordon Maw said: "It would be entirely wrong to believe that AUTIF is presenting a united industry voice on this subject. This independent piece of work is sponsored by Fidelity, Standard Life and Skandia...
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