Colonial First State is planning to introduce its 'master trust' product model, widely used in Austr...
Colonial First State is planning to introduce its 'master trust' product model, widely used in Australia, to the UK marketplace. Reports of a supermarket launch by the group in FTadviser have been denied as a misunderstanding. The company says its master trusts typically combine what in the UK are the distinct roles of product provider and IFA. The trusts come with dealing, administration and tax planning services and are based on a fund of funds structure. Colonial is Australia's second largest fund manager with assets of £22bn under management, of which half is invested through m...
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