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Defaqto says ETFs will surge post-RDR

Defaqto says exchange-traded funds will grow in popularity after the RDR, but platforms will be key to their success.

A study by the research firm shows that 21 out of 27 wraps and platforms it considered allow investments in ETFs and the products are available on 102 out of 111 pure Sipps it analysed.

Defaqto says advisers will have to consider ETFs if they want to remain independent and the increased competition post-RDR will make low-cost options attractive.

Defaqto senior consultant Adrian Gaspar says: “With continued investor frustration at the performance of active funds and increased usage by fund managers and discretionary fund managers, it is clear that ETFs are here to stay and will continue to grow assets under management in the UK.”

But Tim Page, director of PageRussell, says: “ETFs are competing against institutionally-priced passive funds on platforms, with the additional disadvantage that many platforms charge additional stockbrokers’ fees for ETF trades and do not aggregate trades, which would reduce the costs. So for most portfolios sizes below £200,000 ETFs are at a cost disadvantage and I suspect advisers will opt for passive funds instead.”


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Lighthouse attempts to reassure shareholders ahead of delisting vote

Lighthouse has attempted to reassure shareholders that its management is not looking to take control of the group, ahead of a vote on its proposed de-listing from Aim. Earlier this month, Lighthouse announced its intention to delist from Aim, citing a number of disadvantages it believed it was suffering due to its quoted structure. The […]

Germany’s AAA credit rating comes under threat

Moody’s has warned the outlook for Germany’s AAA credit rating is negative, citing concerns of wider eurozone troubles and the potential exit of Greece from the euro. The ratings agency has also placed the Netherlands and Luxembourg on negative outlooks in what is the first step towards a possible downgrade. A statement from the firm […]


Nic Cicutti: Are the PPI pests really harming IFAs?

About an hour ago, shortly before I began writing this column, my home phone rang. I have been expecting an important call, so I raced through the house, almost tripping over the dog in the process, and managed to grab the receiver in time. “Did you know that you may be entitled to compensation if […]

Schroders head of European and UK credit exits

Schroders head of European and UK credit strategies Adam Cordery has left the firm. Cordery was manager of the offshore Schroder ISF Euro Corporate Bond, the onshore Schroder Monthly High Income, Schroder Corporate Bond, Schroder All Maturities Corporate Bond and Schroder Long Dated Corporate Bond fund. Before joining Schroders in 2004, Cordery was head of […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


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