A recent conference on the role of the asset management was held at the European Parliament. Politicians and consumer rights groups offered analysis on the added value active managed funds offer investors. Sven Giegold, a Green MEP, suggested that asset management companies have over charged investors and failed to offer investors value. The consensus of the conference was fees were too high and there needs to be changes within the asset management industry to help rebuild trust. BETTER FINANCE agrees with this position as it aligns with our annual evidence based report called Pension Savings: The Real Return. According to our research, active managed have under-performed the market and have offered investors low or in some cases negative returns.
Please read the full article from FTfm here