Bestinvest sceptical on FIS-RSAI deal

IFA Bestinvest says there are three big issues to consider when looking at the £240m acquisition of Royal & Sun Alliance Investments by Friends Ivory & Sime. The first problem will be the rebranding of RSAI funds under the ISIS banner being pushed by FIS. The second is the question of distribution, as a deal involving a major European or US bank would have opened up significantly better overseas opportunities. As the asset management industry becomes increasingly globalised, the heavy UK focus of both FIS and RSAI may become an expensive legacy to get away from. Fina...