FCA value assessment review: An ‘uncomfortable read’ but unsurprising
The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading … Continue reading FCA value assessment review: An ‘uncomfortable read’ but unsurprising
FCA warns of potential intervention after damning review of fund value assessments
A Financial Conduct Authority (FCA) review of fund managers’ Assessment of Value (AoV) reports has revealed widespread failures in the … Continue reading FCA warns of potential intervention after damning review of fund value assessments
Fund managers falling short on assessing the value of their funds – FCA
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 … Continue reading Fund managers falling short on assessing the value of their funds – FCA
Performance fee rules across Europe lacking harmony
Around 52% of performance fee structures already adhere to ESMA performance fee recommendations, ahead of the restrictions that will come … Continue reading Performance fee rules across Europe lacking harmony
Baillie Gifford publishes Irish value report, upping pressure on peers – Ignites Europe
Baillie Gifford has published a value assessment report for its Ireland fund range, in a move that could increase pressure … Continue reading Baillie Gifford publishes Irish value report, upping pressure on peers – Ignites Europe
Columbia Threadneedle embarks on fee review – Ignites Europe
Columbia Threadneedle has started a review into fund fees with a specific focus on the way economies of scale are … Continue reading Columbia Threadneedle embarks on fee review – Ignites Europe
AllianzGI holds onto performance fees – Ignites Europe
“Allianz Global Investors is sticking with its outperformance fee share classes in the UK, despite a lack of assets and … Continue reading AllianzGI holds onto performance fees – Ignites Europe
FCA pushes asset managers to assess profitability – Ignites Europe
The UK financial watchdog says some fund boards have misinterpreted its rules for value assessments and are failing to analyse … Continue reading FCA pushes asset managers to assess profitability – Ignites Europe
Schroders expands value review to European funds – Ignites Europe
‘Schroders is starting to apply its approach to UK assessments of value across all its European and global fund ranges, … Continue reading Schroders expands value review to European funds – Ignites Europe
Investors receive 50% discount following move out of legacy retail classes
Fitz Partners found that for retail investors invested in about 600 fund products, 51% of the total number of products … Continue reading Investors receive 50% discount following move out of legacy retail classes