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rdr driving shift to dfms defaqto

15 Mar 12

With the implementation of the Retail Distribution Review set to take place at the start of next year, two-fifths of platform users in the UK are outsourcing some or all of their investment process, according to a survey of 345 people by independent research company Defaqto.

With the implementation of the Retail Distribution Review set to take place at the start of next year, two-fifths of platform users in the UK are outsourcing some or all of their investment process, according to a survey of 345 people by independent research company Defaqto.

Of these respondents, about half said they were using a discretionary fund manager (DFM). Defaqto has previously noted that DFMs are increasingly targeting the retail market in the run-up to the RDR, by launching unitised funds with minimum investments as little as £1,000.

According to Defaqto, by employing a DFM, advisers are effectively entering into a long-term business relationship, making due diligence an important consideration. Defaqto has created an RDR Zone on its website, which is designed to assist advisers as they prepare for 2013.

Tags: Defaqto | RDR

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.