Bringing in a third party to lighten the workload

outsourcing

Hiving off fund selection is seen by some as removing advisers' raison d'etre but it allows them to concentrate on more important things like asset allocation

If I went to see my local GP complaining of a headache and he told me to wait there while he scrubbed up in preparation for an exploratory surgical operation, I would understandably have some concerns. The usual course of events is that, as a GP, the doctor will provide an initial review of the symptoms, together with his own general analysis and, where appropriate, recommend a specialist. This is outsourcing in its most routine form and is fast becoming the business model for the 21st century, prevalent across a wide range of industries and professional services. The UK financial servi...