Offshore bonds fall short of RDR requirements - survey

Data from Capita Financial Software found 68.5% of offshore bonds fail to meet the regulatory requirements. It reviewed 110 offshore bonds and found almost a third did not enable advisers to produce key feature illustrations. More broadly, the survey found more than half (52%) of investment and retirement products were still not capable of supporting changing remuneration methods. The firm said those that can facilitate adviser charging are "often unable to apply fund specific charges and / or asset allocation derived growth rates, all of which need to be ready at the same time". M...