IFAs aren't paid to outsource risk management - Bamford

The high-profile IFA says while many advisers invest in managed funds after an initial risk review, some do not realise the vast differences between the funds in an individual sector and how asset allocations could significantly alter overnight. Bamford says advisers are not paid to outsource risk management and should not just place clients in what could be classed as "default funds". A recent Informed Choice report into the £80bn balanced managed pension fund sector found only one of the largest 16 funds took a 'typical' balanced approach. With many portfolios only reviewed once or ...