Invesco Perpetual sees wholesale role ahead

Invesco Perpetual's head of UK retail Mike Webb has indirectly made his position clear in relation to the proposed scrapping of current polarisation rules by saying Invesco would remain a wholesaler dependent on the intermediary to make the sale to end customers. He made the comment during the company's presentation in Newcastle yesterday - one of the stops in the company's two weeks of roadshows around the country for audiences of intermediaries - while presenting Invesco Perpetual's outlook for the year. Calling 2001 a "hell of a year", Webb nevertheless added that recently impro...