Andrew Morris: With-profits funds critiqued

One of the biggest changes we have witnessed in the investment industry over the last decade has been the increased focus on the experience of the end-investor. This has been a long time coming and a development of which we are fully supportive. Now much more effort is made on investor education, making sure people understand the nuances of risk and return, how portfolios are constructed and the impact that fees have on returns. Cne particular segment of the market has, however, failed to evolve with the times and that is with-profits funds According to Financial Conduct Authority dat...