Sue.
As regular TEBI readers know, the academic evidence overwhelmingly shows that most investors are better off investing in low-cost index funds.
But most financial advisers still recommend actively managed funds instead. As a result, investors are ending up with pension pots considerably smaller than they should be.
So, is there a case for suing advisers who carry on investing their clients’ money in expensive funds that fail to deliver? Phil Miller certainly thinks so. A former adviser himself, Phil’s company Pension Focus represents clients who feel they’ve been badly advised.
In this, the first TEBI podcast of 2017, Phil explains why high-fee active funds might become the biggest financial mis-selling scandal in history.
ROBIN POWELL is a freelance journalist and the founding editor of The Evidence-Based Investor. Based in Birmingham, England, he founded Ember Television and Regis Media, and he specialties in helping disruptive financial firms to grow. He also campaigns for a fair, transparent and sustainable investing industry. You can follow him on Twitter at @RobinJPowell.
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Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
