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First, more advisers are being paid a fee by their clients, rather than taking a commission from the fund provider.
He advises investors who are interested in balanced funds to start the search with Vanguard, a fund provider known for low expenses.
Expect to pay one fee to the platform, typically around 0.5% of your money each year, plus another fee to the fund provider, usually around 0.75%.
LONDON – MetLife agreed on Friday to buy the Chilean pension fund provider AFP Provida from the Spanish bank BBVA for around $2 billion.
Edwards, an editor from Brentford, west London, is also examining what pressure she can now bring on her pension fund provider to divest from fossil fuels.
Last month, Blackstone, the world's biggest hedge fund manager, announced that it was teaming up with Fidelity, the world's largest mutual fund provider, to offer alternative funds, and more funds are considering offering similar products, according to industry insiders.
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"Along with other money fund providers, we participated in the program to provide an additional layer of reassurance for our money fund shareholders during a difficult period for credit markets," he said.
The report ranked ethical fund providers according to a "responsibility rating".
Fund providers like IndexIQ aim to mimic hedge funds' exposure to different sectors by using exchange-traded funds.
Regular savings plans are available through the majority of discount brokers, fund providers and platforms these days.
Such qualms may not dampen investors' celebrations, or at least their relief, as quarterly statements start arriving from fund providers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com