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Third of fund firms expect RDR hold-up

A third of fund providers believe the FSA will be forced to delay the implementation of the retail distribution review past the December 31, 2012 deadline.

A Fidelity FundsNetwork survey of 19 major fund firms shows 32 per cent expect delays, although 100 per cent believe the RDR will be implemented.

Fidelity International head of UK fund partners Ed Dymott says: “All fund groups have now got to the point where they believe this is going to happen. Twelve months ago, there was lots of discussion but we have definitely seen a shift in thinking.”

Thirty-two per cent believe the RDR will trigger a reduction in the size of the platform market while 26 per cent believe it will continue at its current rate and 37 per cent believe the RDR will increase the platform market size.

Around one-third of fund firms believe they already have the share classes required to support the rules on charging structures required under the RDR.

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