T. Bailey has won a special prize in the 2010 Compliance Register Platinum Awards for its work in preparing for the Retail Distribution Review.
Earlier this year the multi-manager specialist launched an innovative passive-only version of the long-established T. Bailey Growth Fund (the T. Bailey Growth Fund LITE), with fees capped at 99bps on its main charging class. More recently it has launched a new multi-asset fund, the T. Bailey Defensive Cautious Managed Fund, with Institutional class terms available from just £1,000.
Both of these funds retain traditional trail commission options, so they are RDR-friendly and attractive both to commission and fee-based advisers.
T. Bailey was nominated for the award by financial advisers. The firm’s head of compliance, Richard Taylor, said: “Many groups are making an effort to prepare for RDR; we’ve worked particularly hard in developing a range of charging solutions that we hope can meet advisers’ needs both now and when the RDR kicks in at the end of 2012. It’s encouraging that advisers recognise the work we’re doing to help them and we’ve been very appreciative of their support.”
Submitted by: Michelle Lawrence
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The value of your investment and the income derived from it can go down as well as up, and you may not get back the money you invested. When investing in retail unit classes, capital appreciation will be affected by the impact of initial charges and you should therefore view your investment as a medium to long-term holding.