Head to head: Skandia and Novia on using DFMs following FSA paper

June 2012
Money Marketing (Online Edition);6/14/2012, p22
The article presents the author's views on discretionary fund manager (DFM). It is statetd that DFM services can be beneficial to some customers, but they need to be implemented correctly with the Great Britain Financial Services Authority (FSA) guidance. Information on a paper is presented that raised concerns about the way some advisers were using Difs and clarified that some firms' outsourcing discretionary management can arrange for the client to have a contractual relationship with DFM.


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