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

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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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