HEARTWOOD Wealth Management has delivered a bitter attack against the IPD index methodology, holding it responsible for the mis-selling of commercial property funds.
As a result, the firm is calling for greater transparency in IPD index compilation and for transactional data to play a larger role. Heartwood attributed the disparity in the calculation methods of stock market indices such as the FTSE 100 and property investment indices such as the IPD UK All Property Monthly Index as the root of the problem. While the share indices are based on live transactions which discount future trends, the IPD index is compiled by surveyors as a desktop sampling exercise on a limited number of properties without actual transaction data. Heartwood therefore arg...
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