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 »
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 »
The EU’s financial services chief has said an EU-wide ban on inducements could enable greater retail investment in exchange traded funds, leading to better returns for consumers. Mairead McGuinness, European commissioner for financial stability, financial services and the capital markets union, says inducements paid to financial advisers by product manufacturers are leading to poor outcomes
Inducement ban could boost retail ETF investment, says EU commissioner – 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 »
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 »
Investors in UK funds worth £184bn (€214.8bn) are still in higher-charging share classes, despite new rules introduced last year that allow asset managers to move them into cheaper share classes. Assets invested in pre-RDR share classes fell by 18 per cent in 2019, compared with a drop of 14 per cent the year before, according
Assets in pre-RDR share classes fall to £184bn – Ignites Europe Read More »
Close to £184bn of UK investor money is languishing in expensive funds that still pay commissions to financial advisers, despite efforts by the financial regulator to stamp out conflicts of interest and overcharging. According to the consultancy [Fitz Partners], 23 per cent of retail fund assets in the UK are held in these funds, which
UK funds still paying IFA commissions stand at £184bn – Financial Times Read More »
…Research by Fitz Partners confirms that, six years on from RDR, a third (34%) of retail assets are still held in these old-style funds. view full article
Tim Sargisson: Hitting the trail -Professional Adviser Read More »
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 »