PA ANALYSIS: Are performance fees a fair deal?
Performance fees are often seen as a necessary evil. But the unambitious hurdle rates most funds employ mean fund managers also get rewarded for underwhelming performance. Is that fair?
Fees
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PA ANALYSIS: Will wealth managers avoid scrutiny on charges?
Has the FCA asset management review missed a trick by not expanding its demands for transparency to wealth management?
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PA ANALYSIS: How the FCA’s revised fee policy affects you
There are no particularly nasty surprises in this week’s FCA fee policy statement though it has confirmed above inflation fee rises with bills due to arrive on doormats later this month.
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Potter rage at ‘brainwashed’ industry after Morningstar downgrade
BMO GAM’s Gary Potter has hit back at the “brainwashed” fund industry’s attitude to costs after two of his F&C multi-manager funds were downgraded by Morningstar.
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Pension funds’ focus on premium investments has driven up fees 50%
The average fee paid by pension fund clients has risen sharply in the last decade as the funds have focused on more expensive investments, according to a report.
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PA ANALYSIS: FCA attack a sign of pain to come for wealth managers
When the FCA published terms of reference for its Market Study of Asset Management in 2015, wealth managers breathed a collective sigh of relief.
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FCA sets out adviser fee hike
The FCA has proposed a 4.7% hike in fees for advisers and brokers as part of its 2017/18 business plan.
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‘Fee paradox’ drives up asset managers’ charges by 70%
Rising markets have created a fund manager fee bonanza even though they have cut their headline costs, a scathing report has today claimed.
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PA ANALYSIS: Tiered charging to revolutionise asset management
It is perhaps no accident that the business sectors that command the highest profit margins tend also to be the most well acquainted with controversy.
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IA to consult on hidden charge criticisms
Asset managers have fired a major shot in their battle to win over sceptical politicians, regulators and clients with the launch of a public consultation on a new costs and charges disclosure scheme.
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PA ANALYSIS: The price ain’t right as investors focus on fees but forget valuations
Getting value for money is the topic dominating the funds industry today, but on two different fronts.
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FCA asset management challenge ‘way bigger’ than RDR
The FCA’s Asset Management Market Survey is akin to a “hangover” for fund groups who will “have to bear the sharp end” of the pressures on fees, according to Nucleus CEO David Ferguson.