Advisers back active over passive for drawdown clients - Zurich

Research by the pension and platform provider has found advisers overwhelmingly back active management for customers in retirement. It found just 3% of drawdown assets are held in passive funds, and a further 8% of advised drawdown assets are being held in cash, according to Zurich. The top three investment sectors for advised customers in drawdown are the unclassified sector (40%), cash (10%) and UK equity income (6%). Advisers are also more likely to go overseas to generate returns, with just 21% of drawdown assets invested in UK funds compared to 79% globally. Zurich head of ...