M&G's Willcocks: End consumers will pay more post-RDR

M&G global head of retail sales says industry is awash with mediocrity, which must be eradicated.

As fund groups begin to launch offerings tailored to meet adviser and client needs post-RDR, Katrina Lloyd talks to M&G managing director, global head of retail sales Jonathan Willcocks about his views on low cost funds, charging levels and the post-RDR landscape. What is M&G’s opinion on low-cost active funds? I am not a believer in the low-cost options of index plus one funds at all. I think it is a get out clause for managers. Some groups are doing it to ensure they occupy a certain space in the market place post-RDR but I think it is a flawed business decision. We fundamentally b...