Cost pressures prompt advisers to turn to passive funds

He also thought the costs played a role for advisers, noting if active managers could lower their fees to retail investors “we may see a different picture.”

Darren Cooke, chartered financial planner at Red Circle Financial Planning, agreed, adding: “Some will do, but picking those few is all but impossible in advance and even then star managers can come crashing down as we have seen recently with Woodford.”

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