The Investment Management Association (IMA) consulted just four IFAs about the overhaul of its Managed sector model.
The IMA is changing the Managed sectors to fall into line with the Association of British Insurers (ABI) fund categories. For example, the IMA's Cautious Managed sector will be renamed Mixed Investment 20-60% Shares. Two employee benefit consultants and four independent financial advisers were interviewed for their views ahead of the change, the IMA said. Three of the IFAs thought a simpler name than the one the IMA has decided upon would be more appropriate. They argued it is their role to describe the funds and explain how they work, and felt longer names would disengage their...
To continue reading this article...
Join Professional Adviser for free
- 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