BlackRock will introduce tiered fees to its UK-domiciled fund range as the UK regulator pressures asset managers to pass on economies of scale to investors. The world’s largest asset manager confirms in its latest assessment of value that it will soon introduce an “annual management charge tiered pricing model” to its £196bn (€227.9bn) UK authorised […]
BlackRock to introduce tiered fees to UK range – Ignites Europe Read More »
We have picked the main current areas of discussion across the European fund industry linked to fund governance: ESMA Common Supervisory Action and review of fund costs Impacts of UK Assessment of Value, 3 years on European fund board structures and independent directors fees View Full Newsletter
Fitz Partners News: Fund Governance, Regulations & Fund Boards – ESMA Read More »
Pressure could grow on “dinosaur” asset managers to cut management fees on larger funds, as Columbia Threadneedle joins a small group of firms to adopt a “discount” fee model. View Full Article
The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading and marks a “huge blow” to firms, although the findings are unsurprising to some industry commentators. view full article
FCA value assessment review: An ‘uncomfortable read’ but unsurprising – Investment Week Read More »
A Financial Conduct Authority (FCA) review of fund managers’ Assessment of Value (AoV) reports has revealed widespread failures in the quality and content of the documents, with the regulator warning it will intervene if firms do not improve. In the report published today (6 July), the FCA said it expects “more rigour” from fund managers’
A review of 18 fund managers between July 2020 and May 2021, covering different business models and sizes, found most had not implemented Assessments of Value (AoVs) arrangements that met FCA standards. view full publication
Fund managers falling short on assessing the value of their funds – FCA Read More »
The Financial Conduct Authority has found some authorised corporate directors (ACDs) are operating in the asset management market with inadequate standards in place. The findings come in a review published on Wednesday by the regulator looking into ‘host’ ACDs, also known as authorised fund managers (AFMs). view full article
FCA report highlights failures in ACD market – Portfolio Adviser Read More »
“We wanted to test the viability of the host Authorised Fund Manager (AFM) business models and assess whether conflicts of interests were being effectively managed.” “From Q4 2019 to Q4 2020, we visited a sample of host AFMs to review the effectiveness of their governance, controls and monitoring. These firms operate a significant number of
Review of host Authorised Fund Management firms – FCA Read More »
Columbia Threadneedle has started a review into fund fees with a specific focus on the way economies of scale are passed on to investors, following its second annual value assessment. view full article
Columbia Threadneedle embarks on fee review – Ignites Europe Read More »
The UK financial watchdog says some fund boards have misinterpreted its rules for value assessments and are failing to analyse the profitability of their product ranges. Since September 2019 UK authorised fund managers must carry out an assessment of the value their funds are delivering to investors each year, evaluating seven criteria including performance, costs
FCA pushes asset managers to assess profitability – Ignites Europe Read More »