Three things your clients may call you about this week …

Where is it worth paying for a human stockpicker? The long-running and heated argument between the advocates of active and passive investment hardly needed stoking but the hard-hitting Asset Management Market Study, published towards the end of last year by the Financial Conduct Authority, was like throwing a bucket of petrol on a bonfire. It is against such a background that this Telegraph article looks at where in the world active managers tend to be better at making investments work harder than the underlying markets. By simply comparing the five-year returns of stockmarket indices ...