Investment managers hoping to lure savers from low-interest Isas are under the spotlight after a survey revealed 64 funds worth £12 billion are more than 10% adrift of the market over three years, a raft of blue-chip Scottish-managed funds among them.
Investment managers hoping to lure savers from low-interest Isas are under the spotlight after a survey revealed 64 funds worth £12 billion are more than 10% adrift of the market over three years, a raft of blue-chip Scottish-managed funds among them.
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SIMON BAIN
The 20-year-old "Spot the Dog" survey by adviser Bestinvest, covering pensions for the first time, also found 89 pension funds worth £11bn with similar under-performance.
To qualify for the doghouse, funds must have underperformed their benchmark in each of the last three years and by more than 10% over the three years to the end of 2012.
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