Jackie Beard, director of manager research services EMEA at Morningstar, has said MiFID II will force asset managers to reassess fund products that are no longer "fit-for-purpose", "relevant" or "good value".
Beard said the regulation, which comes into force 3 January 2018, should tackle "complacency among some asset managers" as well as an "investor inertia" that prolongs the life of funds "that are no longer relevant". MiFID II outlines a host of product governance requirements that require firms to ensure the suitability of fund products for the end client. Schroders' Spedding: It is down to asset managers to provide more information for investors after MiFID II It aims to ensure transparency in the marketing of funds, costs and charges, as well as in the communication of how a fund...
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