Mark Harries: What is a fair price for active management?

After nearly three decades in the industry, I have never seen the issue of fund fees being as dominant as it is today. This prompted us to team up with Incisive Media - the publisher of Professional Adviser and Investment Week - to ask financial advisers what they consider to be a fair price for active management.  Looking at the survey results, some 59% of respondents suggested a fair price for active management was represented by meeting a client's individual investment objective, while in second place - with 31% of responses - was a fund outperforming its benchmark over five years,...