News

Grosvenor drops DIMS bid

Monday 22nd of December 2014

Fund manager Grosvenor has opted not to apply for a DIMS licence under the new Financial Markets Conduct Act regime.

Head of investment David Beattie said it had become clear that the legislation was crafted for financial adviser groups and financial advisers and required the DIMS licensee to have significant involvement in ensuring client objectives matched the model portfolios proposed...

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