Are investment trusts the best option in an RDR world?

The law of unintended consequences can be defined as follows: ‘Any intervention in a complex system may or may not have the intended result but will inevitably create unanticipated and often undesirable outcomes’. The Retail Distribution Review is without doubt an intervention in a complex system. Fundamentally, RDR is designed to improve the lot of intermediate investors. It looks to give IFAs’ clients access to the complete set of products offered by the investment marketplace. These products will have to come with transparent pricing commensurate with effort and expertise taken over t...