Henderson Global Investors is launching clean-fee RDR share classes across its fund range from August 1. The share classes will carry an annual management charge net of any fee payable to financial advisers or fund platforms. On a typical equity fund, the clean share class will have
Read more →JP Morgan Asset Management is set to launch an investment outsourcing solution for UK advisers to help them meet the demands of the retail distribution review (RDR). The solution, which will be launched later in the year, will be labelled JPM UK Adviser Solutions and will create a
Read more →The European Parliament is expected to reject a proposed Europe-wide ban on commission payments to independent financial advisers when it votes on the matter next week, a published report says. According to the Financial Times, the parliament’s Committee on Economic and Monetary Affairs (Econ) “has removed all
Read more →Fergus McCarthy appointed Sales Director for UK strategic partnerships at Investec Asset Management.
Fergus McCarthy has been appointed as sales director for UK strategic partnerships at Investec Asset Management. McCarthy has previously worked for Martin Currie, Jupiter and Axa Investment Managers. David Aird, managing director for UK client group at Investec, says “RDR will bring us many opportunities in the independent and
Read more →The Personal Finance Society (PFS) has launched an RDR website to help members develop their post RDR business model. The Complete Business website will provide firms with guidance to work through three stages of RDR readiness. The first stage helps advisers to comply with the mandatory standards
Read more →Fidelity FundsNetwork have announced that they will make 50 physically-backed exchange traded funds (ETFs) available on its platform from next week. The platform will launch a initial range of ETFs from Credit Suisse, ETFS, HSBC and iShares on June 18 and make them available alongside all of
Read more →The FSA has finalised guidance on restricted and independent advice as part of RDR rules, which will include life policies, stakeholder pension schemes and personal pension schemes in its definition of retail investment products, alongside funds, investment trusts, investment trust savings schemes. This finalised guidance will mean a
Read more →The Financial Services Authority (FSA) has warned that platform providers which currently reward advisers or networks for high business volumes will have to stop the practice after the retail distribution review (RDR). Speaking at the Personal Financial Society platform conference, FSA technical specialist Rory Percival said: ‘It’s
Read more →“The irony is advisers who are still getting trail commission – if the only ongoing fee they get is via that trail commission method through the product fee in this scenario – where’s the incentive for them to move to a fee-for-service model?” Earlier posts have drawn
Read more →Postcards from London – New Media/ Digital Marketing, RDR, and Sales Reward Reflections – May 2012 Just arrived back into a cold and wet Melbourne off the back of two and a half weeks in London. This is the first ‘postcard’ in a series of reflections from
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