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While Hughes supported the FCA’s talk on value for money, he added more focus should be on getting a stronger performance from managers.
“I said it last November too but it is a warning shot for the industry to get its house in order before that are forced too,” he added.
Justifying the increased costs, the FCA wrote: “We think that it is likely that the fees and charges will drop considerably more than this low breakeven level, and that our proposal will bring net benefits.”
There is an ‘urgent need’ for firms to adopt ‘transformational’ new technology, and consolidation is the fastest route
Niall Gallagher, Chris Sellers, and Chris Legg to join
Shareholders raised concerns over the size and liquidity of the trust following its 2024 redemption point
Follows £3.1bn net outflows in Q3 results last month
Manager Nick Train looks to deploy cash into ‘one or two’ new holdings
Ark Invest Europe head and co-founder of Rize ETF Stuart Forbes sat down with Portfolio Adviser to reflect on Ark’s first year in Europe
