IFAs will abandon fee-based actively managed structured funds for ETFs as RDR bites

RDR will blur the difference between ETFs and structured funds

Independent financial advisers (IFAs) in the UK will have less incentive to sell fee-based actively managed funds once the Financial Services Authority's Retail Distribution Review is implemented and will instead boost their sales of exchange-traded funds (ETFs) to retail investors, say market participants.

"As things stand, ETFs provide an RDR-ready investment solution for IFAs," says one London-based banker. "Increasingly, a large proportion of IFAs are switching from actively managed funds in

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