05 Jun Fee fi fo fum, RDR has finally come
Posted at 09:43h
in
With stock markets soaring and the ISA season in full swing, there were reasons to expect a bullish start to the year. However, austerity measures and advisers getting used to life under RDR put a brake on flows. According to the quarterly Distribution Report, gross sales across the fund distribution universe were £28.2bn in the first quarter of the year, down 2% on the previous quarter. But net sales dropped even more markedly to £3bn, a 34% fall on the previous quarter. ISA sales were particularly disappointing.
Click here to read or download the full press release.