Ashcourt Rowan: Advice industry paralysed by fear of wrong-doing

In a speech at the Defaqto investment outsourcing conference on Tuesday he said that the industry was increasingly acting "like a rabbit in the headlights", basing investment decisions on previous outcomes "that may not be relevant today". He also warned that the "perfect storm" of recent years has lead to an increasing use of passive investment solutions, which may seem cheaper at a time when advisers are "disillusioned with the returns of actively managed funds". However, Polin (pictured) said: "I personally have concerns over passives, I believe that they are more difficult to extr...