When it comes to funds, the best investment advice is personal
The recent trials of the Woodford fund highlight the importance of personal advice on your investments. The suspension of dealings in this heavily promoted UK equity income fund has exposed the blurred line between advice and guidance. According to the Investment Association (IA), there are around 3,500 funds on sale in the UK. The IA sorts these into over 30 individual investment sectors, although about 10% are listed as being in the unclassified sector…