Call for FCA to act now on MiFID II 'peppercorn pricing'
Research body urges crackdown
Russell Napier, co-founder of independent research provider Electronic Research Interchange (ERIC), has urged the Financial Conduct Authority (FCA) to immediately crack down on so-called 'peppercorn pricing' of research, whereby the largest brokers have agreed negligibly low fees with the buy-side in order to retain their business in other service areas.
MiFID II, which came into force on 3 January, requires the cost of research to be unbundled from other services sold by brokers, in order to provide investors with a transparent breakdown of fees. The...
More on Regulation
FCA study: 40% of people trust financial advisers
Less feel financial firms 'honest and transparent'
The Big Question: What changes would you like to see in the investment industry that could really make an improvement for investors?
Raft of issues experts would tackle
FCA Conference: Action on PRIIPs and MiFID II, Brexit frustrations and the rise of passives
'Take this very seriously'
A wishlist for the industry
Regain the public’s trust
More news
MSCI upgrade paves way for Saudi Arabia-focused funds
Added to MSCI Emerging Markets index
Hermes debuts fund manager climate risk tool
Carbon tool will be rolled out to all its fund managers
Diversity is for life, not just for Christmas
Everyone should be held to account
First Trust Global launches internet ETF
TER of 0.55%
Dunedin Smaller Companies to merge with Nimmo's small-cap trust
Struggled to attract new investment