The passing of the Financial Services and Markets Bill next year, which gives the FSA power to autho...
The passing of the Financial Services and Markets Bill next year, which gives the FSA power to authorise different kinds of funds, will herald a new era in product development The earliest developments will be the extension of Oeic regulations to allow cash funds and fund of funds within the umbrella structure, according to Threadneedle That will encourage more groups to convert unit trusts to Oeics, said Mary Blair, product development director at Threadneedle Investments In addition, there are also draft regulations on limited issue funds. When passed, it should be easier to create gua...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes