A proposal by the Investment Management Association to re-name its Cautious Managed fund sector has been delayed due to disagreements on the new sector names.
The Investment Management Association (IMA) had proposed to rename the cautious, balanced and active managed fund sectors with a generic Managed A, Managed B, Managed C system.
The new A, B, C names were designed to ensure investors looked more closely at the individual funds in these sectors, but were criticised by some fund managers.
Any change in the sector names will not take place until October, with the consultation on the plans with providers continuing until the end of July to allow more time for comments on the proposals.
© Fair Investment Company Ltd