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In a TransUnion survey, two of the top 10 changes in behaviour related to retirement savings – one was accessing it early to cover the shortfall and another was stopping retirement savings. These are both alarming.
Things have been going very well lately. Investment returns over the past year have been fantastic, certainly better than anyone could’ve hoped for given the Covid-19 pandemic. And the global economic growth outlook for the next year or so is bright. But instead of sitting back complacently, ask tough questions on what could go wrong.
Active funds have been subjected to continuous waves of attack from passive alternatives, and the gist of the argument is that they are in some way inferior to their passive peers.
The strongest deterrent against FSP compliance missteps is or should be: