Fund firms call for charging rethink in RDR

Salih, Chris; Stodell, Hannah
July 2009
Money Marketing;7/16/2009, p1
The article reports on the efforts of the fund companies to urge the Financial Services Authority (FSA) to reconsider the consultation paper of the retail distribution review (RDR) in Great Britain. The RDR paper proposed fund managers to do adviser-charging through providing reasonable range for multiple share classes that will back ongoing charges levels. The fund firms believe that the scheme will only create problems on the financial advisers because of its costs and limited applicability.


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