The closure of final salary schemes, the Equitable Life debacle and the demise of traditional balanced funds have led to an increase in uptake of manager of manager funds
The investment market is experiencing a period of unparalleled change as investors come to recognise that the era of the safe haven is over. Too many safe havens for individual investors have proved anything but that. The closure of final salary pension schemes, the reneging on guaranteed annuity rates by Equitable Life and the near-wholesale failure of with-profit funds to meet their targets are just a few of the massive dents in investor confidence the retail industry must now repair. The institutional sector has fared no better with segregated pension funds still reeling from the Me...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes