Structured product evolution

A quiet, but swift revolution is under way in the structured product market. Last year’s clear out of ‘boutique’ providers seem set to continue, with ‘direct from manufacturer’ operations becoming the norm. While one or two specialist firms should survive to the end of 2010, the landscape will be dominated by banks promoting their products directly to IFAs. Such a change will bring a number of benefits for clients and advisers alike, most importantly much-needed clarity. If advisers and investors choose a product from a poorly-rated institution which subsequently defaults, at least it wi...