This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Investments

IMA delays new managed sector implementation date

  • Print
  • Comments (2)

The Investment Management Association has pushed back the implementation date for its managed sectors to October 1, 2011 after members called for more time to respond to the proposals.

The decision means a four month delay on the original implementation date of July 1, 2011.

Members were expected to respond to the IMA sector review on June 17, 2011, but following a meeting on Monday the date has now been pushed back to July 29, 2011.

The IMA was slammed by both fund managers and advisers after announcing plans last month to rename the active, balanced and cautious sectors as managed A, B and C as well as creating a new managed D peer group for the least risky managed funds.

The IMA said the aim is to indicate that funds are “managed” and more subject to a degree of manager discretion.

Many in the industry have claimed the decision does not add any clarity on the risk profile of funds.

Commenting on the delay, the IMA said: “This extension comes on the back of feedback from our members.”

  • Print
  • Comments (2)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Readers' comments (2)

  • At least they are having second thoughts about it and may have the courage to reconsider totally. Unlike the FSA with the RDR I guess.

    Unsuitable or offensive? Report this comment

  • Waiting for the school holidays to end and they can have their focus group at hand again!

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Is Labour right to be concerned about the unintended consequences of the Budget pension reforms?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments