Ratings agencies are filters, not predictors of future financial success

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Last week, an adviser, described as a 'leading Scottish IFA', as opposed to a leading Welsh, Irish, ...

Last week, an adviser, described as a 'leading Scottish IFA', as opposed to a leading Welsh, Irish, English or any other nationality IFA, issued a press release criticising the fund ratings from Standard & Poor's. Alan Steel, for those of you who are regular readers of the consumer press, is a regular commentator on a number of issues concerning financial planning. Mr Steel's latest set of comments come in the form of an attack on Standard & Poor's and its quantitative fund star ratings. He cites the examples of the Virgin UK Tracker Investment fund, which has a two-star rating, and the ...

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