fsa clarifies 30m rule covering rdr activities
The FSA has confirmed that the 30-month rule applies to “most but not all” RDR activities.
RDR
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hsbc sheds jobs as rdr impact bites
HSBC is having to make 2,200 job losses in the UK as the full impact of the increased cost of making regulatory changes hits home.
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outsourcing an admission of strength not weakness
Outsourcing to discretionary managers is not an easy decision to make but it is invariably the right one – for the end investor at least.
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multi manager funds do not show well defaqto
Advisers looking to outsource investment decisions to a multi-manager fund in the lead up to RDR should choose carefully, as very few have managed to perform consistently since 2008.
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rdr driving shift to dfms defaqto
As the implementation of RDR creeps closer two-fifths of platform users in the UK are outsourcing some or all of their investment process, according to a survey from Defaqto.
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investec to launch managed solutions funds
Investec Asset Management is to launch two multi-asset managed solutions funds as part of a realignment of its product range ahead of RDR.
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guinness am joins clean fee club
Boutique fund manager Guinness Asset Management has launched a new “RDR ready” clean fee share class across its seven funds, with an AMC of 0.75%.
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Time for new ideas
Back in December I issued a challenge to discretionaries to innovate and bring something new to the market ahead of RDR. Little to do with me Im sure, but its good to see this year has started with a hubbub and a spawn of new ideas from established names.
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rathbones awaits rdr rebate clarification
Rathbones has released further details of its ‘RDR-friendly’ share class, which will roll out across its fund range on 1 March, but admitted it might need to move again after the FSA reveals its full position on rebates to platforms.
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post-rdr investment trusts
RDR is likely to have only a marginal impact, if any, on the demand for investment trusts among financial advisers, according to more than a third of delegates at a recent conference on the investment vehicles.
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the multi-asset threat
With the advent of RDR it is expected IFAs will increasingly outsource investment decisions presenting an opportunity for discretionary fund managers (DFMs) to offer their investment services. But fund houses are also making moves to appeal to outsourcing IFAS, through expanding their multi-asset propositions. Is there room for both or will one party’s success lead…
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increase in outsourcing
Advisers who plan to outsource more of their investment-based advice post-RDR need to consider VAT implications before going forward, according to Assetfirst.
