“…Last week members of the European Parliament’s economic and monetary affairs committee proposed an outright ban for investment firms to “solicit or accept” any remuneration, payment or benefit for providing a service to a “retail” client, except if directed by the client itself or on their behalf.” view full article
MEP pours cold water on proposal to ban inducements – Ignites Europe Read More »
Growth in client assets moving to rebate-free share classes for European cross-border funds has stalled, suggesting that the impact of regulations limiting the use of retrocessions may have peaked. view full article
Assets in European clean classes ‘may have peaked’ – Ignites Europe Read More »
Policymakers had been considering whether inducements for the provision of retail investment products should be banned across the EU, as they already are in the Netherlands and the UK. However, Esma has concluded that a complete ban on inducements could backfire as the distribution market in many EU member states is dominated by banks. view full article
Esma rejects EU-wide ban on inducements – Ignites Europe Read More »
Equity fund managers are not trading stocks as much as they used to following the introduction of new rules that force firms to disclose transaction costs to investors. The new Mifid II rules, as well as pressure from passives, have resulted in a change of behaviour from asset managers, experts say. The proportion of funds
Mifid II pushes fund managers to reduce turnover – Ignites Europe Read More »
Rules introduced under Mifid II at the start of last year are hindering the efforts of firms that are trying to explain innovative fee structures to clients. Under Mifid II, costs and charges must be shown on both an ex-ante, or forward-looking, basis and on an ex-post basis, showing what was charged over the past
Fund fee innovation ‘challenged’ by EU rules – Ignites Europe Read More »
Allianz Global Investors is weighing the merits of offering loyalty discounts to fund investors as asset managers adopt increasingly innovative fee structures in a competitive marketplace. Loyalty discounts are not understood to be currently used by any European funds and setting them up would face significant challenges, experts say. view full article
AllianzGI explores discounts for loyal fund investors – Ignites Europe Read More »
MiFID II Transaction Fees – Some asset managers will come under pressure to lower high transaction costs following the introduction of new mandatory disclosure requirements, says Hugues Gillibert, chief executive officer of fee specialist Fitz Partners. view full article
Firms to come under pressure to lower transaction costs: expert – Ignites Europe Read More »
New fund cost disclosures have thrown up extreme results that may be misleading to investors, experts say. The transaction cost figures have been disclosed for the first time following the introduction of Mifid II. view full article
Mifid II and Priips cause costs mayhem – Ignites Europe Read More »
… This will “challenge the perception of some fund products being always better value”, says Hugues Gilbert, chief executive of Fitz Partners, pointing to higher hidden trading costs in illiquid markets. Analysis by the consultancy showed that the average ongoing charges of an equity fund would increase by … view full article
Mifid II: How it affects your investments – Financial Times Read More »
Analysts and observers anticipate pressure from clients over the minority of fund managers who have declined to absorb the cost of research. view full article
Fund managers passing research costs to clients are ‘taking a risk’ – Financial News Read More »