Some of the UK's largest fund houses are considering launching retail share classes with a 0% AMC rather than provide platforms with ‘super clean' alternatives.
European stocks slumped in afternoon trading ahead of a meeting of eurozone finance ministers to agree on the next tranche of aid for Greece.
HM Revenue & Customs (HMRC) is to publish further guidance on whether discretionary fund managers should be eligible for VAT payments.
The IMA is to begin charging non-members to list funds in its sectors in a move that could see some groups removing vehicles from the listings altogether.