'Unwanted' investment funds; maternity leave's 'costly' pensions mistake; and limited choice in retirement mortgages - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
£3.6bn stuck in UK ‘orphan funds', warns report Approaching £4bn of UK investors' money is sitting in so-called "orphan funds" - small-scale portfolios with persistently low inflows and often high charges - notes this Financial Times article, as it highlights the view of a new report that many such products offer such poor value "they should be culled from the market". At the end of last year, the report from Morningstar observes, UK investors had £3.6bn invested in nearly 200 separate funds that have dwindled in size. The data company goes on to claim these "dormant" funds perform a "...
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