Jacqueline Lockie, training manager at the Association of Investment Companies (AIC), has outlined seven questions private investors should be asking their advisers in the run up to the retail distribution review (RDR).
With the new RDR rules set to kick in next year, Lockie said clients should be assessing whether their portfolios have a broad scope of investment products, including investment trusts. Lockie said: "The RDR will require an increase in the breadth of knowledge of financial products that advisers need to understand; much more so than previously. This may mean that at the client's next review, other products may become more appropriate. In light of this, it may be a good time for clients to work with advisers to review their portfolio." The closed-ended universe has £90bn in AUM, while ...
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