RDR

BlackRock has launched a range of funds investing in a number of index trackers, as it moves to compete with the rise in demand for low-cost funds ahead of RDR.

Henderson Global Investors is making its institutional share classes available to retail investors, and launching a range of 0.75% share classes, ahead of the RDR deadline at the end of the year.

J.P. Morgan Asset Management (JPMAM) is to launch an investment-focused outsourcing solution for advisers ahead of RDR.

Asset management and advisory group Ashcourt Rowan has narrowed its losses after implementing a programme of cost savings following a strategic review of the business.

The Financial Services Authority (FSA) has issued final guidance for firms using centralised investment propositions (CIPs), pointing out the requirements when outsourcing to a discretionary investment manager (DFM).

The European parliament is set to reject a ban on commission to independent financial advisers (IFAs) when it votes on MiFID II next week.

CONTRARIAN

The Financial Services Authority (FSA) will be the biggest winner following the retail distribution review (RDR), according to a survey of 280 advisory firms.

The Financial Services Authority (FSA) has this morning confirmed its intention to ban both payments from providers to platforms and cash rebates to consumers.

There are too many small, illiquid investment companies within the closed-ended sector which will struggle to win a place on wealth manager buy lists post-RDR, argues Standard Life Investments.