Tony Vine-Lott, director general of TISA (Tax Incentivised Savings Association), says the industry must present a united front on DIFs or face the consequences from the regulator.
Distributor Influenced Funds (DIFs), in some guise or another, have been squatting in the FSA’s in-tray for quite a while now. The question mark that hangs over them is the same one that raises issues for all in-house funds: Is their potential to generate genuine value for clients outweighed by the possible additional layer of costs and risk that surrounds them? Ensuring fair play In Utopia, all customers are treated fairly: whether clients by their advisers or distributors by their suppliers. But, of course, we live in an imperfect world, and for that reason a regulator is needed to p...
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