Share class confusion delays IMA's review of fund returns


The Investment Management Association (IMA) is holding back on releasing new recommendations regarding the calculation of sector averages and fund performance, amid a lack of clarity over fund groups' post-RDR share classes.

The trade body is continuing to monitor the changes to the fund industry emerging as a result of new platform rules, due to take effect in April 2014. Jonathan Lipkin (pictured), director of public policy at the IMA, said the trade body does not want to make a premature recalculation, given the ongoing uncertainty over which share classes will become the norm post-RDR. “It is not a question of the IMA taking a long time to do this because we are dragging our heels. It is a function of the timing of the [RDR] changes themselves,” he said. Concerns over the impact of rebate-free shar...

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