View more on these topics

Fidelity FundsNetwork: Advisers move to outsourcing post RDR


A survey conducted by Fidelity FundsNetwork has revealed around 60 per cent of advisers feel regulatory change has led to an increase in outsourcing their investment portfolio management.

The survey reveals advisers expect to increase their use of managed funds and model portfolios as a result of the retail distribution review.

Fidelity head of UK retail sales Ben Waterhouse says: “As advisers continue to enhance their fee based customer proposition, the demand for outsourced investment solutions gathers pace.”

The research found 51 per cent of advisers are looking to increase their use of model portfolios and 47 per cent are looking more at managed funds following the arrival of the RDR. Only 14 per cent are looking to outsource more to DFMs.

On the other hand, bespoke portfolios look set to take the biggest hit, with over a third of advisers indicating that they would use these less in the post-RDR environment.

The survey, which polled over 200 advisers, also asked how important it was to them for their platform to offer its own managed service.  Some 59 per cent considered it either as very important or important – indicating that advisers value an on-platform managed service.

FundsNetwork head of sales Paul Richards says: “The survey results show that advisers feel that they are under a significant amount of pressure to meet new regulations and, as a result, are looking to utilise services such as managed solutions and model portfolios.

“It is therefore crucial that both platforms and providers offer access to these types of solutions as they can help advisers build a robust, cost effective and future proof business model.”



IMA: Fund managers need better client communications

A couple of months ago, I was discussing the importance of improved communication for clients and questioning what it means in practice. Findings from the IMA’s 11th annual asset management survey show that fund management firms fully recognise that better communication is needed to maintain and improve trust among the industry’s retail client base. The […]


Video: FCA sets out its stance on alternative investments

brightcove.createExperiences(); FCA technical specialist Jason Pope explains the regulator’s stance on alternative investments. The FCA is trying to strike a balance between protecting investors from unsuitable investments and promoting competition in the market, Pope told to Intelligent Partnership director Dan Kiernan at the Alternative Investment Summit in London last week. Alternative investments may be suited […]


Advisers debate risks of including P2P lending in Isas

Including peer-to-peer lending in Isas should prove a positive boost for small firms hit by the current bank lending “vacuum”, say advisers.  The Treasury has confirmed it is in the early stages of how P2P lending sites, which will become regulated by the FCA from next April, could be included in the tax-free regime. From […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment