Investors will save £1bn in fees after the City watchdog ordered asset managers to cut the costs of funds. view full article
Investors to get cheaper funds after watchdog action – Telegraph Read More »
The Financial Conduct Authority (FCA) has said it has “no immediate plans” to change its policy on trail commission but is still considering the issue. view full article
FCA has ‘no immediate plans’ to deal with pre-RDR trail commission – Investment Week Read More »
More than a third of the assets owned by UK retail investors are in share classes that continue to pay trail commission to advisers, according to data from Fitz Partners, a consultancy firm. view full article
Third of UK retail assets still in commission-laden funds – Financial Times Read More »
One third of retail assets invested in UK funds are held in pre-Retail Distribution Review (RDR) share classes that pay rebates to financial advisers, research from Fitz Partners has found. view full article
Third of UK retail assets still held in pre-RDR share classes – Professional Adviser Read More »
Asset managers have come under fire for failing to move investors into cheaper funds after the regulator asked them to do so. view full article
Asset managers rapped for keeping investors in expensive funds – Financial Times Read More »