Welcome our blog. This is where we share thought-provoking, no-holds-barred opinions and commentaries on all things retirement income, financial planning and investing!

Cobras, Unintended Consequences & Multi-Asset Funds

Today, we publish our Multi-Asset Fund Guide 2018 titled Dysfunctional Families. This guide is an in-depth analysis of 91 fund families consisting of 402 individual funds in which a £148bn of client’s money is invested.   The story of the cobra in India during British...

Living on planet GARS: Lessons in how (NOT) to invest

A recent article in the Guardian is the latest indictment of the Standard Life GARS fund. The fund has underperformed virtually all imaginable benchmarks over the last three and five years. 3-Year Cumulative Return 5-Year Cumulative Return Is it just me or does anyone...

Lessons from 118 years of asset class returns data

The annual Credit Suisse Global Investment Returns Yearbook (2018) should be on your reading list. Compiled by Professors Elroy Dimson (Cambridge), Paul Marsh and Mike Staunton (London Business School), this epic publication provides incredible insight into asset...

The art of delivering negative alpha

One area we looked at in the latest multi-asset fund research is whether multi-asset managers can justify their existence (and high fees), by pointing to the alpha they generate. This is the return they can bring in, over and above the market portfolio. To illustrate...

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