Retail Distribution Review holds no fear for Meteor

Ongoing uncertainty in global equity markets coupled with regulatory pressures have been at the heart of many UK distributors’ concerns, but Meteor managing director Graham Devile expects the implementation of the Retail Distribution Review to boost volumes rather than hinder growth. Magda Ali reports

London-based structured products distributor Meteor is grappling with the same issues that affect providers of retail structured products throughout Europe. Although the firm saw a modest rise in sales in 2011, many of its clients remain invested in deposits as they await clearer signs as to the direction of equity markets.

"Last year saw sales of structured products grow, but not by a massive amount," says Graham Devile, managing director of Meteor Asset Management in London. "Products have