IFA business will be eroded by the internet. The prediction comes from European fund supermarket s...
IFA business will be eroded by the internet. The prediction comes from European fund supermarket systems provider, FundsHub. But before IFA's look anxiously over their shoulder at thier cyber competitor, FundsHub insists the distribution of retail mutual funds over the next few years will, nevertheless, continue to be dominated by the intermediary. The new research, by Datamonitor, suggests IFAs' share of distribution will remain relatively constant over the next few years, although slipping slightly from 61% in 2000 to 60.2% in 2005. Direct channels, (constituting of telephone,...
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