Performance is key in MM review

Any kind of success brings increased attention, and the FSA is currently scrutinising multi-manager ...

Any kind of success brings increased attention, and the FSA is currently scrutinising multi-manager advice after a recent boost in sales. Latest figures from the IMA show funds of funds have taken in £4.5bn in the first half of the year, quadrupling inflows seen a decade ago. Figures from a recent multi-manager roadshow showed 80% of advisers expect to increase the proportion of client assets held in Fofs over the next 12 months, and many in the industry are talking of a wall of money waiting to hit the sector. The fact major groups like Swip are entering the marketplace over a decade af...