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 »
“Allianz Global Investors is sticking with its outperformance fee share classes in the UK, despite a lack of assets and rival firms rowing back on plans to offer performance-related fees…. …The outperformance fee model “continues to provide an alternative way for clients to access a selection of [Allianz’s] funds, alongside [a] traditional fixed fee model”,
AllianzGI holds onto performance fees – 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 »
‘Schroders is starting to apply its approach to UK assessments of value across all its European and global fund ranges, according to its global head of product.’ ‘…Influenced by the approach of the UK Financial Conduct Authority, regulators in the EU have been intensifying their scrutiny of “the pricing process” and “undue costs”, which may
Schroders expands value review to European funds – Ignites Europe Read More »
UK asset managers have cut at least £120m (€139m) in ongoing charges following the introduction of reforms that require firms to assess the value of their funds. New research by Fitz Partners, a specialist fee research firm, shows that investors in 600 funds have recently been moved to lower charging share classes. view full article
UK firms slash £120m in charges following value reforms – Ignites Europe Read More »
The European Securities and Markets Authority said yesterday that it has launched a common supervisory action on the supervision of costs and fees of Ucits with national competent authorities, which is to be conducted this year. The supervisory action seeks to “assess the compliance of supervised entities with the relevant cost-related provisions in the Ucits
Esma launches costs and fees probe – Ignites Europe Read More »
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 »
Europe’s markets watchdog is stepping up its efforts to stop funds charging excessive fees to investors by putting pressure on national regulators to increase their supervision of management companies. The European Securities and Markets Authority yesterday published a report on costs in Ucits and alternative investment funds as part of its push to enforce convergence
Esma ups pressure on regulators to tackle excessive fund fees – Ignites Europe Read More »
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published today a supervisory briefing on the supervision by National Competent Authorities (NCAs) of costs applicable to Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs). This briefing comes in response to the need to improve convergence across NCAs
ESMA Supervisory briefing on the supervision of costs in UCITS and AIFs – ESMA Read More »
Asset managers are extending value assessments required for UK funds across their entire cross-border fund ranges. Specialist research firm Fitz Partners has been producing value for money board reports for clients for about 10 months as firms prepare for the introduction of the Financial Conduct Authority’s value rules in September 2019…. view full article
Firms assess value of non-UK funds: experts – Ignites Europe Read More »