Nick Cumming, director at Technical Fund Marketing, explains the regulator's plans around the introduction of key information documents for PRIIPs, what this means for product providers with funds on life platforms, and why the industry may not be ready...
The Investment Association (IA) has proposed a new method of presenting portfolio turnover rates, and called for transaction fees to be separated from fixed costs, as part of a push for more comprehensive fund fee disclosure.
Discretionary fund managers are facing growing pressure to standardise managed portfolio fees as the FCA considers warning advisers against using any service where costs are not clear.
As a fully paid up Englishman, I probably have no right to sound off about Scottish independence - although that has not stopped the Prime Minister or some bosses of DIY companies, so why should it stop me?
Groups back latest cost proposals but performance fees escape new rules
Some of the UK's largest fund houses are shifting focus to concentrate on ongoing charges after Invesco Perpetual became the first group to ditch annual management charges (AMCs) altogether.
The popularity of risk-rated funds has surged as RDR approaches and investors search for greater certainty in tough markets, but research has revealed vehicles sitting within the same risk grade can perform very differently.
Trade body's recommendations to explain charges more fully are unlikely to be adopted across the board.