FCA

Investors receive 50% discount following move out of legacy retail classes -Investment Week

Fitz Partners found that for retail investors invested in about 600 fund products, 51% of the total number of products with a remaining legacy retail class in place, had been moved to cheaper classes. The research also revealed that the discounts received by investors after they had been moved ranged from 24% to 67%, with […]

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FCA pushes back deadline for fund value assessments – Ignites Europe

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”

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UK fund boards must ‘challenge’ firms, warns FCA – Ignites Europe

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

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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 allow asset managers to move them into cheaper share classes. Assets invested in pre-RDR share classes fell by 18 per cent in 2019, compared with a drop of 14 per cent the year before, according

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UK funds still paying IFA commissions stand at £184bn – Financial Times

Close to £184bn of UK investor money is languishing in expensive funds that still pay commissions to financial advisers, despite efforts by the financial regulator to stamp out conflicts of interest and overcharging. According to the consultancy [Fitz Partners], 23 per cent of retail fund assets in the UK are held in these funds, which

UK funds still paying IFA commissions stand at £184bn – Financial Times Read More »

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