Virtual Afternoon Tea Replay – Robin Powell: The Myth of Star Fund Managers

There are few bigger priorities for people today than investing for the future.

A combination of the rising cost of health and education, soaring house prices, longer life expectancy and the increasing strain on welfare budgets means it’s vital that everyone does what they can to remain financially independent for the rest of their lives.

But the reality is that most of us are saving far too little and levels of financial literacy are pitifully low. All too often we base our investment decisions on industry marketing and advertising or on what we read and hear in the media. That wouldn’t matter if brokers, fund managers, advisers and financial journalists acted solely in client’s best interests. But everyone’s conflicted to some degree or another, and, as a result, ordinary investors typically end up doing precisely the opposite of what they should be doing.

There has, in fact, been a welter of independent, peer-reviewed research dating back to the 1950s on how best to invest, and the findings are remarkably consistent. Yet although this evidence is
widely known in academic circles, the investing public remains largely oblivious to it. Even investment professionals and industry commentators are either unaware of it or for their own
reasons choose to ignore it.

Robin is an award-winning journalist and campaigner for positive change in global investing, advocating better investor education and greater transparency.

Robin’s goal is to inform investors about what the evidence says, to explain why we don’t hear more about it, and to help like-minded financial advisers to communicate the benefits of an evidence-
based approach.

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Dominic

About the Author

Dom is a qualified and experienced Chartered Financial Planner (CII) and Chartered Wealth Manager CFP (CISI) and a Registered Life Planner (Kinder Institute) with over 30 years experience. His work primarily focuses on retirement income planning, helping clients to maintain financial dignity and independence in retirement. Read more from Dominic...
This article is distributed for educational purposes and should not be considered investment advice or an offer of any product for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not indicative of future results and no representation is made that the stated results will be replicated.
I just wanted to say thank you very much for taking time to talk me through the pensions maze! You have been extremely helpful in helping me to make a decision. Tracey Smith

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