F&C Lifestyle range attracts larger advisers on back of RDR

As they reach their third birthday, the four Lifestyle funds are increasingly being used by large regional advisers and networks rather than just smaller IFAs, the group says. Head of multi-manager Dean Cheeseman believes the change to a fee-based system is encouraging IFAs to rethink their business models. “The legislative changes are driving IFAs down a particular business model which ensures the client’s and intermediary’s interests are closely aligned,” he says. “The Lifestyle funds free the intermediary to do what he does best, which is to understand the client.” UK retail ...