Another announcement (with more expected to follow) aimed at direct-to-consumer RDR propositions. “Adviser firm HHPG Wealth Management is launching a direct-to-consumer proposition next month aimed at clients who cannot afford advice after the RDR. The Cardiff-based firm is looking to offer execution-only functionality across pension, investment, protection
Read more →Investec’s recently announced 75 basis point model falls in line with several other groups which have already declared how they will charge clients post-RDR. BlackRock, Rathbones, Schroders and London-based boutique City Financial are just some of those which have chosen the ‘fully clean’ 75 basis point route,
Read more →F&C Asset Management is aiming to exploit the advice gap post retail distribution review (RDR) by increasing its amount of direct business. F&C said that would expand its direct marketing efforts, currently used to support its investment trust offering, to cover a wider product range in anticipation of
Read more →Investec Asset Management is the latest group to launch a range of clean share classes ahead of the year-end RDR deadline. The group is in the process of launching 39 share classes for its £10bn UK OEIC range with an annual management charge of 0.75% – half
Read more →Four major fund houses have joined forces with technology provider IFDS to white-label enhanced on-line propositions for their existing direct customers ahead of the Retail Distribution Review (RDR). Schroders, Threadneedle, Jupiter and Henderson want to provide more tools for clients to manage their investments online so they have approached
Read more →Legal & General (L&G) is anticipating a drop-off in sales through financial advisers over the coming months and into early 2013 as firms concentrate on developing their business models for retail distribution review (RDR) implementation. In its Q1 interim management statement today, the provider suggested it is
Read more →This article includes a great cost insight into the RDR defensive strategies – with Cofunds declaring they will continue investment during 2012 in preparation for the implementation of the retail distribution review (RDR). The funds platform saw expenses increase by more than £9m during 2011, as a
Read more →In a statement, HSBC says the underlying cost of providing banking services in Britain is rising because of changes to the regulatory framework, and mentions the FSA’s RDR as one example of this. The group predicts the RDR will have a “major impact” on its business levels
Read more →Given the pending reality of the RDR we have had an obvious focus (both in terms of articles and client work commitments) to the UK retail fund market , there are however a number of really interesting ‘RDR type’ discussions taking place in other regions where we work
Read more →Investec has launched a diversified growth fund, managed by Philip Saunders, as part of its creation of a new range of risk-rated funds ahead of the RDR. The Investec managed solutions range is made up of four funds. Alongside the newly launched Investec diversified growth fund sits
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