According to a report by Investor Connections, investors are putting billions of pounds into the wrong funds.
The investing advice company found that at least £100 billion of investors' money has been placed into funds, which show a consistently poor performance.
The report studied different types of investments, such as pensions and retail funds that were worth at least £100 billion over five years.
The research measured the performance of these funds over the past five years, and compared them against their competitors.
The research was originally intended to pick out one or two funds that were not performing, but found that a large number of investors have capital tied up in funds which are steadily losing money.
Our view
At , we have been offering ongoing yearly reviews of clients investments for years.
The problems as ever are that many people prefer to pay for more an Car MOT (which is worth just a few thousand) and nothing on a yearly Money MOT where your property, you investments, pensions and savings are worth many thousands.
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