RDR

Smith & Williamson Investment Management is the latest group to add institutional share classes to its entire pooled funds range in preparation for RDR.

Last week it was announced Richard Saunders, the chief executive of the Investment Management Association (IMA), is stepping down after a decade overseeing the trade body.

Jupiter Asset Management CIO John Chatfeild-Roberts has revealed he has avoided buying investment trusts throughout his career because of liquidity issues within the sector.

Skandia Investment Group (SIG) has warned fund management groups which have integrated risk-rated tools into existing multi-asset propositions they are in danger of ‘misleading' investors.

Allianz Global Investors has today launched a range of four risk-graded portfolios, the Allianz RiskMaster funds.

Investec Asset Management is the latest group to launch a range of clean share classes ahead of the year-end RDR deadline.

Fund groups are scrambling to develop risk-rated propositions ahead of the RDR deadline at the end of this year, with major houses including Jupiter planning how to enter the space.

Standard Life will roll out RDR-friendly charging structures across its key retail product lines this year, in a move which will see the provider pass fund manager rebates back to new clients on its fund supermarket, FundZone.

Bestinvest has undergone a structural review of the business which could result in job losses.

Hargreaves Lansdown has said it "intends" to remain independent after the Retail Distribution Review (RDR).