IFA slams 'ridiculous' cash investing

The Lowes Financial Management chief says advisers waiting in cash until the markets settle down and show signs of improvement are “not doing their job”, with clients potentially missing out on gains from the eventual upswing. August’s Fidelity FundsNetwork stats revealed the Fidelity Cash fund was the top selling vehicle through a SIPP, while the FundsNetwork Cash Park was the third highest selling offering through an ISA. Lowes is disappointed advisers are looking to cash when it “makes more sense” to invest elsewhere. “I could understand moving to cash it at the top of the market, but...