Relationships between investment managers, advisers and platforms leave you open to being given conflicted advice and paying fees that do not match the services you enjoy. They have also left the new financial services regulator scratching its head over how to define and regulate investment managers and investment advisers, to determine if they are independent and if they are charging for a service that adds value to your investment. A dense Retail Distribution Review discussion document released recently by the Financial Sector Conduct Authority (formerly the Financial Services Board) gives an eye-glazing summary of the issues that bedevil the investment industry. In its first set of proposals, released in 2014, the FSB proposed banning financial advisers from managing so-called white-label unit trust funds. Also known as "third party" funds, these are funds whose managers do not have their own collective investment scheme licences and make use of another unit trust fund company's ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.