The changing face of UK retail structured products
Some established names have abandoned the UK structured products market and paved the way for new entrants. What lies behind the dramatic turnover in issuers? And will new developments in platforms and pensions legislation give the market a shot in the arm? Jack Prescott reports
When asked what has driven the change of issuers in the UK structured products market, no two individuals offer quite the same answer - but regulation, and the Retail Distribution Review (RDR) in particular, crop up repeatedly. Introduced in early 2013, RDR means all retail advisers must issue a clear fee for their advice rather than receiving commission on a product. The regulation was designed to ensure that advisers honestly service the needs of investors, removing the temptation to recommend
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