Platforms should offer structured products in order to comply with whole-of-market RDR regulations and capitalise on a growing market, according to Lowes Financial Management.
Managing director Ian Lowes, who is also founder of StructuredProductReview.com, says wraps and platforms will have to start offering structured products or risk losing out to their rivals. With demand for structured products surging - sales increased 47% in 2009 with nearly 1,000 products on the market - their availability on platforms will help advisers comply with the RDR's whole-of-market philosophy, says Lowes. "With the FSA's RDR statement that to remain independent all adviser will have to have sufficient knowledge to be able to make recommendations on structured products, yo...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
