Advisers continue to lose faith in Credit Suisse

Smith & Pinching recommends move out of successful European Frontiers as it believes group will struggle to keep manager Elizabeth Eaton

Smith & Pinching is the latest advisory firm to pull out of Credit Suisse funds, claiming a loss of confidence in the asset management side of the business. The firm, now known as OPM Fund Management, is advising clients to withdraw money from the group's European Frontiers fund despite a healthy track record, as it feels Credit Suisse is not doing enough to retain personnel. Alan Rutledge, director on the discretionary and IFA side of the business at Smith & Pinching, said: "We took the view we are not comfortable with what the group is doing and asked ourselves whether we should continu...