Left Behind

With-profits bonds and endowments have totally alienated their traditional client base through inflexibility, poor returns, high charges and MVRs. My opposition to with-profits investments is a matter of record, that since the turn of the century these products have been shown for what they truly are. Large amounts of money are moving towards platforms and multi-fund offerings because of their efficiency, fund choice and ease of management. Indeed, once money is within a platform or a multi manager offering it is highly unlikely it will move again to an alternative provider. All this ha...