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Confusion reigns as FSA brings out tables

The FSA comparative tables were launched amid industry confusion and frustration last week, with several providers mysteriously missing from the platform and a string of fund managers furious over the tables&#39 format.

As Money Marketing went to press, the ABN Amro UK growth fund – one of this year&#39s top-selling funds – was still missing from the tables despite the fund manager claiming to have fully co-operated with the regulator&#39s demands.

St James&#39 Place unit trust group, which runs the UK&#39s oldest UK growth fund, was named on the site as the only provider to have boycotted the project. The group said it disagreed with the regulator&#39s decision to compare funds on the basis of charges alone.

An internal restructure at Barclays Global Investors ensured that neither of its UK growth funds made it on to the tables as FSA requests for its data were lost in the system.

Jupiter, which has featured as one of the most expensive UK providers, accused the FSA of encouraging investors to bypass advice by pushing them towards Catmarked funds.

ABN Amro product & communications director Nick Wells says: “I&#39m not sure what&#39s happened. We expected to be there. We have asked the FSA but they haven&#39t got back to us yet.”

Jupiter joint managing dir-ector Steve Glynn says: “Inv-estors are going to have to be careful how they use these tables. They only tell half the story.”

FSA spokesperson Kate Bristow says: “We say explicitly that the tables are not FSA recommendations or best buys.”

The FSA hopes ABN will be included by the end of the week.


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