One year ago this month, landmark rules came into force obliging UK asset managers to come clean about the value offered by their products. As the FCA embarks on a probe into the first round of the so-called value assessments, FTfm examines fund managers’ efforts so far. view full article
Have the FCA’s fund reforms changed the industry? – Financial Times Read More »
Schroders says its UK funds must reach at least £1bn (€1.1bn) in assets before the benefits of economies of scale can be passed on to investors – a claim rubbished by experts who say the so-called fee breakpoint could be significantly lower. The UK asset manager’s plans to reduce charges for retail investors on its largest funds
Schroders’ £1bn fund breakpoint ‘way too high’ – Ignites Europe Read More »
Invesco has decided to cut fees on a range of UK-domiciled funds, as the firm assesses the value of the products under new rules. Charges at nine Invesco funds, with £4.4bn (€5bn) in combined assets, were reduced by an average of 0.13 per cent this month. view full article
Invesco cuts fees on UK range as board assesses value – Ignites Europe Read More »
The UK financial regulator has extended the deadline for annual fund value assessments by two months, to give managers leeway amid the Covid-19 crisis. The Financial Conduct Authority yesterday announced a “temporary relief to the regulatory deadlines for publishing funds’ half-yearly and annual reports and accounts” because of the “unparalleled challenges in preparing financial information”
FCA pushes back deadline for fund value assessments – Ignites Europe Read More »
The UK’s financial watchdog has urged fund boards to actively challenge investment managers over the value they deliver to retail clients. In an interview with Ignites Europe, Nick Miller, head of the asset management department at the Financial Conduct Authority, warns that it is “not good enough” for boards to take a box-ticking approach to new
UK fund boards must ‘challenge’ firms, warns FCA – Ignites Europe Read More »
“Merian Global Investors’ UK fund board is to review the pricing structure of its funds to ensure that cost savings from future asset growth are passed on to investors. The firm’s UK funds have fixed fees, covering management, administration and other operating costs. This type of fee model has recently been criticised for charging investors
Merian to review fee structures following value assessment – Ignites Europe Read More »
Value is in the eye of the beholder, or so the saying goes. But in the world of asset management, the onus is now on providers, not the underlying clients, to prove their worth. view full article
When will asset managers play their cards on value? – Money Marketing Read More »