Having relaxed distributor status rules, the UK has given fund managers the opportunity to easily register their offshore funds for tax-efficient sale in the UK. Three fund groups give their opinions on the impact for investors and advisers
The recent easing of the distribution status rules in the UK will give domestic investors potential access to a universe of funds far bigger than before (see boxout on page 32 for more details). This means that financial advisers to UK investors could eventually have to develop a working knowledge of the top funds in the offshore as well as onshore markets to be sure of giving the best advice. But not quite yet. The response from international fund groups has not been 100% positive: some have already leapt at the chance to get distributor status, some are in the process of doing so and oth...
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