How the RDR helped 'normalise' structured products

One of the objectives of the Retail Distribution Review (RDR) is to remove commission bias; a move which has to be welcomed as a good thing. BUt it has created a headache for fund managers. Pre- and post-RDR investment business has led to trail shares, ‘clean’ shares, platform shares and the potential for an administrative nightmare and confused investors. For structured products, however, the RDR has the potential to be a real boon, and not least because removing commission from structured products is so straightforward. There are two clear benefits. The first is that, without com...