RDR

In the latest Big Debate, our panelists from GAM and Rathbone Unit Trust Management discussed how to select the right outsource investment partner.

In the lead-up to the Retail Distribution Review (RDR), and now that it has arrived, one of the key areas of impact is client suitability.

MARKETS

CONTRARIAN

Aviva Investors has launched RDR-ready share classes for a number of its most popular funds, as well as removing initial charges from all its onshore portfolios.

The Financial Services Authority (FSA) has taken action against Ilford based Baronworth Investment Services and its chief executive, Colin Jackson, for failing to ensure their direct offer financial promotions were ‘fair, clear and not misleading'.

The Financial Services Authority (FSA) has pledged to work with firms in 2013 as it carries out a series of thematic reviews into how the Retail Distribution Review has been implemented.

F&C Investments has launched the first capital protected RDR-compliant share class in the UK for its Lifestyle range and other multi-manager funds run by Gary Potter and Rob Burdett.

Investec Asset Management has hired Argonaut head of distribution John Lester to its UK client group as it beginnings rolling out its RDR proposition.

As we enter 2013, a number of people are asking themselves whether this regulatory re engineering project is going to be worth it and whether the price of change will prove justified.