Multi-manager distribution, the problems of following a benchmark too closely and government training for advisers are the topics of the day
I have just caught up with the coverage (IW 21 July, p3) of the recent Scottish Widows fund closures and would like to correct an error. Although I would normally be first to turn a blind eye to an innocent mathematical error, I could not keep quiet on this occasion, especially as the way this caused the story to be covered may have left your readers with the impression Scottish Widows is less than committed to maintaining and developing its external range of funds. The source of the problem, as with so many multi-manager issues, appears to be a spot of double counting. Although 27 ...
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