Andrew Perkins, chairman of the Investment Funds Association, says reports of the RDR sounding the death knell for distributor-influenced funds are far from accurate.
Reports of the death of distributor-influenced funds (DIFs) have, to misquote Mark Twain, been greatly exaggerated. And that is good news for advisers and their clients, for whom such funds offer a significant range of benefits over more traditional models. While many variations exist, in essence, a distributor-influenced fund is an investment solution specially created by an intermediary firm to meet the needs of clients. The running of the fund is outsourced to specialist service providers such as the authorised corporate director and fund manager, but the intermediary firm maintain...
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