ETFs could thrive in post-RDR world - BGI

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The post-RDR ‘new world' of financial advice may be perfectly suited to alternative investments like Exchange Traded Funds (ETFs), according to Barclays Global Investors (BGI).

Nick Shellard, head of sales at iShares, BGI’s ETF arm, says the products are “underrepresented” in the current UK adviser market because they don’t pay commissions. However, he says iShares remain “favoured portfolio building blocks” for many fee-based advisers and predicts they could thrive in a post-RDR arena. "We feel the establishment of a clear delineation between advice and sales, creation of higher standards for independent advice, removing product driven commissions from independent advice, and increased financial literacy - Money Guidance - would be very positive developments fo...

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