Fundscape blasts regulators' 'utter disregard for common sense' in instructions for calculating transaction costs
Zero transaction costs are a concern
Fundscape: Regulators, ACDs and platforms were ‘ill-prepared’ for transaction cost calculations and have ‘let investors down badly’
Research house Fundscape has said regulators have caused "organisational chaos" by providing fund managers with two entirely different transaction cost calculation methodologies with the introduction of MiFID II and PRIIPs.
Fundscape said the confusion has been caused by two conflicting instructions given to authorised corporate directors (ACDs) and compliance teams regarding the calculation of implicit costs, rather than...
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