Fund managers look set to offer additional share classes on funds or drop the minimum investment in ...
Fund managers look set to offer additional share classes on funds or drop the minimum investment in institutional tranches if the FSA's Retail Distribution Review proceeds in its current form. The regulator says fund groups will face greater difficulties adapting to the new regime, as most only offer share classes paying trail commissions to advisers. From 2013, the FSA will require product providers to remove all pre-determined commission payments from retail products, allowing advisers full control to negotiate remuneration with clients. "While factory-gate pricing arrangements are ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
