UK fund boards not rushing to save costs from rule changes – Ignites Europe

Boards of UK authorised fund managers are sticking with their value assessment processes, despite the local financial watchdog relaxing disclosure requirements in an effort to help reduce costs.

The Financial Conduct Authority stripped back its reporting requirements for assessments of value last month, removing the need for asset managers to publish detailed information on their findings.

Hugues Gillibert, chief executive of Fitz Partners, a specialist fee research company, said most of his clients were keeping their value assessment processes in place despite the rule change.

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