Investment company directors bullish on RDR

The Association of Investment Companies (AIC) surveyed directors across the trade body's 333 member firms and found that 80% expect the impact of new rules following the RDR to be beneficial over the longer-term. The largest and most liquid investment companies will benefit the most, according to 65% of the respondents, while 18% said the specialist and alternative sectors would benefit the most. About 10% of respondents believe generalist investment companies will gain most from the changes. Just 2% cited venture capital trusts. "Given the diversity of the sector, it is not surpri...