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...
Decision follows leadership structure review
Transfer service will capitalise on increase in demand
Lower average earnings
Will target consumers new to advice
Acquisition will add £12bn assets