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 »
EU funds could face new provisions designed to ensure they are delivering value for money for investors as Brussels prepares to bring forth a new plan to boost retail investment in the EU. The retail investment strategy, which is due to be published next month, is expected to bring forward a number of proposals that
EU retail strategy to force funds to deliver value – Ignites Europe Read More »
The European Commission is considering requiring asset managers to prepare ongoing value for money assessments of their funds, Ignites Europe has learned. The EU could follow in the footsteps of the UK, which has required firms to assess the value their funds deliver to investors each year since 2019. view full article
Brussels considers UK-style value for money legislation – 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 »
Experts say the fixed fee model does not pass on savings from economies of scale UK fund boards have failed to tackle the high costs of fixed fees compared with variable fees over the three years that assessments of value have shone a spotlight on fund charges. Fixed fees have a static percentage charge to
UK value assessments fail to tackle expensive fixed fees – 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’
A review of 18 fund managers between July 2020 and May 2021, covering different business models and sizes, found most had not implemented Assessments of Value (AoVs) arrangements that met FCA standards. view full publication
Fund managers falling short on assessing the value of their funds – FCA Read More »
Invesco has decided to cut fees on a range of UK-domiciled funds, as the firm assesses the value of the products under new rules. Charges at nine Invesco funds, with £4.4bn (€5bn) in combined assets, were reduced by an average of 0.13 per cent this month. view full article
Invesco cuts fees on UK range as board assesses value – Ignites Europe Read More »