This article includes a great cost insight into the RDR defensive strategies – with Cofunds declaring they will continue investment during 2012 in preparation for the implementation of the retail distribution review (RDR).
The funds platform saw expenses increase by more than £9m during 2011, as a result of increased investment.
Martin Davis, the chief executive of Cofunds, says the company will make a similar investment this year.
Davis says: “We are investing heavily in RDR. It is a huge change for the majority of our customers and something we invested heavily in 2011.”
The Cofunds chief says much of the investment in 2011 was one-off costs. This year he plans a series of roadshows for financial advisers.”
The full article can be found here –
We will continue to keep a watchful eye on developments and save relevant material under the RDR category of this blog. If you want to follow along – why not set up a RSS feed into your outlook account (or maybe Google reader)?