Trust providers still have to battle a number of misconceptions before advisers can truly understand the benefits of closed-ended structures, writes Ed Morse, head of investment trust business development at F&C Investments.
For some time now, the investment trust industry has been looking forward to the expected boost that the implementation of the Retail Distribution Review at the start of 2013 will provide. As well as requiring advisers to achieve QCF Level 4 qualifications, the RDR also states that advisers who wish to remain independent under the new regime should consider the suitability of all investment products, not just the open-ended funds they have historically favoured. The arguments are well-rehearsed: with open-ended funds no longer able to bundle adviser remuneration in with their charges,...
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