A quarter confident robo-advisers deliver good returns - IG

Client procurement costs ‘unsustainable’

Victoria McKeever
clock • 2 min read

One-quarter (23%) of investors were confident they could trust a robo-adviser to deliver good returns, according to a survey conducted by YouGov on behalf of IG Smart Portfolios.

In comparison, around half (51%) said they were confident traditional IFAs could deliver on generating investment returns. Respondents to the survey also felt investment managers (48%), pension providers (43%) and banks (34%) were better placed to generate returns for them than robo-advisers. YouGov surveyed more than 2,000 people across the country in January.  While people appeared to have greater confidence in banks and IFAs, however, the majority of investors were not inclined to pay the associated higher fees. More than two-thirds of investors claimed that up to 1% would be a fai...

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