FSA relied on decade-old fund manager study for RDR

clock

A key piece of research used by the FSA to justify new professionalism standards is based on a decade-old study of fund managers, IFAonline has learned.

The FSA says the research, which was carried out in South Africa and based on data gathered between 1996 and 2002, offers proof of a link between higher qualifications and improved consumer outcomes. Entitled ‘Are some fund managers better than others?', the study assessed the different types of qualification held by managers and how these impacted on the 57 funds they managed. It suggests there is a small correlation between better fund performance and higher qualifications, but concludes 'other factors' are more important. In a consultation paper on professionalism published in ...

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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Advisers overlooking younger clients over asset value bias

Advisers overlooking younger clients over asset value bias

'Young people need to have access to trusted advice'

Sahar Nazir
clock 22 March 2024 • 1 min read
Financial advice crucial as near-term challenges remain

Financial advice crucial as near-term challenges remain

'A good IFA has rarely been more valuable'

Ahmed Bawa
clock 22 March 2024 • 4 min read
Feel Good Friday: Influencers back financial charity's campaign

Feel Good Friday: Influencers back financial charity's campaign

Financial influencers to support MyBnk’s Global Money Week campaign

Professional Adviser
clock 22 March 2024 • 1 min read