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RDR: Lessons from the UK

Regulatory changes have significantly altered the way financial service providers do business, with the Financial Services Board (FSB) taking its cue from the United Kingdom. Next on the list of changes will be how intermediaries are remunerated.

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The Allan Gray-Orbis Global Equity Feeder Fund remains fully invested in global equities. The objective of the Fund is to outperform the FTSE World Index at no greater-than average risk of loss in its sector.