EU fund managers remain entrenched on fund retrocessions, while the UK has tentatively shown that banning commissions could be healthy for the funds industry. view full article
Does UK RDR show the EU must ban fund retrocessions? – Funds Europe Read More »
Killian Lonergan from BBH meets with Laura Guthrie, Research Director at Fitz Partners, to put fee structuring into a broader context using data. listen to podcast
Simplifying Cross-Border Fund Distribution – Episode 1: Understanding fund fees – BBH Read More »
The European Commission has toned down its support for a full ban on inducements as it prepares to propose measures designed to increase retail investment in the EU. Mairead McGuinness, European commissioner for financial services, announced yesterday that Brussels is now “looking at tightening the conditions under which inducements are allowed” rather than a full
Brussels softens stance on inducements ban – Ignites Europe – Ignites Europe Read More »
First Sentier Investors will absorb more third-party expenses that were previously charged to investors in its UK fund range in response to findings from its latest annual assessment of value. The asset manager is also reducing management fees on several global emerging market funds and an Indian equities fund that were more expensive than their
First Sentier absorbs £95,000 in costs with fee cap change – Ignites Europe Read More »
An influential member of the European Parliament has issued a stark warning against banning sales commissions to financial advisers, as the European Commission weighs up the measure as part of its retail investment strategy. view full article
EU inducement ban would be ‘disservice’ to investors, warns MEP – Ignites Europe Read More »
Luxembourg’s financial regulator has flagged shortcomings in asset managers’ setting of fee levels and ongoing charges calculations following a probe of the local market. The warning comes in the Commission de Surveillance du Secteur Financier’s feedback report, published yesterday, following the common supervisory action on the supervision of costs and fees of Ucits, launched by the European
Lux watchdog warns firms on fund charges – Ignites Europe Read More »
The variation in remuneration for European independent directors on fund boards is significant, ranging from €1,000 to over €100,000 per year, per director, according to research by Fitz Partners. The research firm’s report found that directors who are the sole independent director for their fund board are paid substantially more than directors who are one of
European independent directors paid up to 100 times more than others – Funds Europe Read More »
… “Laura Guthrie, director of research at Fitz Partners, a specialist fee research firm, says “a number of fund ranges” have been updating their performance fee methodologies following the publication of the European Securities and Markets Watchdog’s guidelines.” view full article
JO Hambro has no plans to use ‘fairer’ fee calculation in UK – Ignites Europe Read More »
The Financial Conduct Authority’s (FCA) recent review of fund managers’ Assessment of Value (AoV) reports makes for “pretty damning” reading and marks a “huge blow” to firms, although the findings are unsurprising to some industry commentators. view full article
FCA value assessment review: An ‘uncomfortable read’ but unsurprising – Investment Week Read More »
A Financial Conduct Authority (FCA) review of fund managers’ Assessment of Value (AoV) reports has revealed widespread failures in the quality and content of the documents, with the regulator warning it will intervene if firms do not improve. In the report published today (6 July), the FCA said it expects “more rigour” from fund managers’