Karagh Gilliatt is a partner in Edinburgh. For 20 years Karagh has specialised in UK authorised funds, asset and transitions management, long-term insurance and the provision of general regulatory and compliance advice. Karagh regularly advises a wide variety of clients, including investment funds, insurance companies, friendly societies, platform providers, asset and wealth managers on regulatory change projects, client facing terms and conditions (including ISAs, regular saving products and other wrappers), distribution agreements, investment and transition management agreements and custody agreements.
New framework offers greater flexibility, but it remains to be seen how many fund managers will take up joint payment options, given the guardrails in place.