Esma rejects EU-wide ban on inducements – Ignites Europe
Policymakers had been considering whether inducements for the provision of retail investment products should be banned across the EU, as … Continue reading Esma rejects EU-wide ban on inducements – Ignites Europe
Assets in pre-RDR share classes fall to £184bn – Ignites Europe
Investors in UK funds worth £184bn (€214.8bn) are still in higher-charging share classes, despite new rules introduced last year that … Continue reading Assets in pre-RDR share classes fall to £184bn – Ignites Europe
UK funds still paying IFA commissions stand at £184bn – FT
Close to £184bn of UK investor money is languishing in expensive funds that still pay commissions to financial advisers, despite … Continue reading UK funds still paying IFA commissions stand at £184bn – FT
Tim Sargisson: Hitting the trail
…Research by Fitz Partners confirms that, six years on from RDR, a third (34%) of retail assets are still held … Continue reading Tim Sargisson: Hitting the trail
Investors to get cheaper funds after watchdog action
Investors will save £1bn in fees after the City watchdog ordered asset managers to cut the costs of funds. view … Continue reading Investors to get cheaper funds after watchdog action
FCA has ‘no immediate plans’ to deal with pre-RDR trail commission
The Financial Conduct Authority (FCA) has said it has “no immediate plans” to change its policy on trail commission but … Continue reading FCA has ‘no immediate plans’ to deal with pre-RDR trail commission