TISA moves to resolve DIFs controversy

Although it is claimed they can provide better governance and financial value, TISA has highlighted the complexity, cost, transparency and suitability issues that surround DIFs. The organisation held an open meeting last week to discuss DIFs, which can be set up by advisers in conjunction with product and fund providers, and the FSA has also indicated it will take more interest in their usage. Malcolm Small, director of policy at TISA says: "DIFs are now firmly in the regulatory spotlight but the industry has the opportunity to resolve the questions currently being asked and to provid...