value

EU retail strategy to force funds to deliver value – Ignites Europe

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 […]

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Central Bank issues industry letter on costs and fees to fund managers – McCann Fitzgerald

On 24 March 2023, the Central Bank of Ireland (the “CBI”) published an industry letter (the “Letter”) on the 2021 Common Supervisory Action (“CSA”) on costs and fees of UCITS (here). The Letter outlines the CBI’s findings from the CSA and supervisory expectations and key actions for fund managers. view full notice  

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First Sentier absorbs £95,000 in costs with fee cap change – Ignites Europe

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

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Brussels considers UK-style value for money legislation – Ignites Europe

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

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FCA value assessment review: An ‘uncomfortable read’ but unsurprising – Investment Week

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

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FCA warns of potential intervention after damning review of fund value assessments – Investment Week

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’

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Baillie Gifford publishes Irish value report, upping pressure on peers – Ignites Europe

Baillie Gifford has published a value assessment report for its Ireland fund range, in a move that could increase pressure on rival firms. The report has been prepared in response to a July 2019 letter from the Irish regulator to fund board chairs “requiring” them to carry out a “regular assessment of fund performance and

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Schroders expands value review to European funds – Ignites Europe

‘Schroders is starting to apply its approach to UK assessments of value across all its European and global fund ranges, according to its global head of product.’ ‘…Influenced by the approach of the UK Financial Conduct Authority, regulators in the EU have been intensifying their scrutiny of “the pricing process” and “undue costs”, which may

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