Supermarkets limit IFA access to 'fund innovation'

According to new research commissioned by the group, 84% of IFAs would do more business with offshore funds if they could access them easily via a supermarket. HSBC Investments wholesale managing director Andy Clark says although supermarkets face administrative issues regarding offshore funds, the belief advisers do not want to access them is simply not true. “This research indicates that if offshore funds were available via supermarkets, these would be increasingly bought by intermediaries,” he says. “In fact, intermediaries surveyed were already using offshore funds but as a smaller p...