Growth replaces income in UK products as providers apply RDR principles
The Retail Distribution Review is already having an impact on structured products in the UK if new products launched this month are anything to go by
Defensive growth products are taking the place of income-based products in the UK structured products market as the implementation date of the Financial Services Authority's Retail Distribution Review (RDR) approaches.
Cater Allen Private Bank, Gilliat, Morgan Stanley, Barclays and Investec have all launched growth products in the past two weeks, with Barclays and Gilliat introducing gilts and hybrids, respectively, in their latest issuance. "Growth products have simpler structures, so applying
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