Investment trusts are calling for a rating system so advisers can easily pick out good and bad funds.
They believe an S&P or Forsyth-style rating system would give IFAs a guide as to which trusts perform well.
The ratings would examine the performance, management and trustees of each product and could be used to back up advice to clients.
Baillie Gifford sales and marketing director Ken Edwards said: “The IFA community does not have access to the same advice in the investment trust sector. Since there is no access to an independent ratings system, there is nothing that advisers can show their clients about a trust. IFAs need something to reinforce this.”