RDR will drive investors to 'star' fund managers

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Almost half of financial advisers expect the RDR to result in more capital being allocated to ‘star' fund managers, but its effect on other areas of product selection will be more muted, new research suggests.

The study by Ignis Asset Management, based on more than 450 responses, suggests 47% of investment advisers believe the RDR will encourage IFAs to focus more heavily on well-established, high-profile managers. However, despite the huge upheaval caused by the regulatory changes coming in at the end of 2012, about 49% believe the RDR will make no difference to their approach. Only a tiny minority (4%) believe the RDR, due to come into force in 2013, will prompt advisers to focus less on high profile managers. Just over 40% of advisers surveyed say the RDR will result in IFAs investing...

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