Outsourcing or delegation?

Investment Week, in association with Scottish Widows, asked financial advisers how they feel about investment outsourcing and found out from providers what they feel is necessary for a strong outsourcing relationship

MW: When many people hear the word 'outsourcing' they think of call centres in India, so I think we should start off today with a definition of what we mean by investment outsourcing. AF: I am not too keen on the term outsourcing. What we are talking about is delegating investment decisions or investment choice to a third-party. It can be about delegating the authority to another adviser, to a particular firm to take those investment decisions on behalf of an adviser. We have many options. We have 16 multi-manager solutions; over £4bn worth of assets are run in this particular way, rangi...