Four major fund houses have joined forces with technology provider IFDS to white-label enhanced on-line propositions for their existing direct customers ahead of the Retail Distribution Review (RDR).
Schroders, Threadneedle, Jupiter and Henderson want to provide more tools for clients to manage their investments online so they have approached the technology provider together in order to share costs.
However, once developed, the groups will white label the product with their own individual branding and each provider’s version will only offer their own funds.
Source: Investment Week. Read full article here.