ETFs could thrive in post-RDR world - 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 ...