RDR will create 'level playing field' for trusts-FSA

Tony Hanlon, a manager in the FSA's asset management sector team, says he expects trusts to feature more frequently in investment advice once the new regulations come into force in 2013. "We often hear investment trusts are sometimes ignored. But RDR will create a level playing field. We would expect them to be considered more," he said today at the AIC Annual Conference for Directors. However, Hanlon warned investment trusts would need to demonstrate why they should be considered. His views were echoed by AIC general director Ian Sayers. "Advisers will have to show they are con...