Left without profit?

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IFAs can add value by advising clients on exiting with-profits funds, writes Michelle Cracknell, strategy director at Skandia.

Over the past decade, with-profits funds have declined in popularity. Once regarded as an appropriate investment for many, recent research has demonstrated most advisers now believe with-profits simply cannot be the right fit for every investor. While with-profits funds might have been an appropriate investment 10 or 20 years ago for certain clients, the market has moved on considerably, and there are now alternative products available that may be better able to meet the individual needs of different investors. Many current investors in with-profits funds have become dissatisfied with...

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