Lazy advisers 'cost clients £15,000'

The financial consultancy firm says that, beside the treating customers fairly (TCF) risk, failing to re-assess or maintain a client’s investments could have significant financial implications. According to Towers Perrin, a client with £50,000 invested in what was an ‘efficient frontier’ portfolio four years ago, will produce an estimated median outcome of £85,234 in 30 years if it is not rebalanced. However, it adds if this ‘efficient frontier’ portfolio is rebalanced to the 2004 asset allocation, the most likely return in 30 years is increased to £91,080. Furthermore, it says a portfo...