Managed solutions are here to stay

The old adage 'stick to your knitting' is particularly true than when applied to the financial services industry. After all, what is the core competence of a life company? Life companies are, or at least should be, experts in product design and administration. They are not experts in managing money. By the same token, the core competence of an IFA is in expert financial planning and identifying products to meet differing customer needs. These descriptions of expertise rarely include selecting, blending or monitoring investments. This is the core competence of fund managers, not life com...