Half of advisers expect their revenue to take a hit under LIF but around 20 per cent see LIF as an opportunity to enhance their business model, diversify their revenue and lift profitability, according to the 2016 Investment Trends Planner Risk Survey. What will the 2017 survey discover?

The dismal performance of active fund managers in 2016 has re-ignited the active versus passive management debate. Even though it appears investors are paying dearly for ‘nothing’, there are reasons to hang in there, argues investment analyst Jessica Schlosser.