FCA proposes single fund charge; challenges active managers
The FCA has criticised the “weak price competition” among asset managers, attacking actively managed funds for failing to outperform their benchmark once fees have been taken into account.
Fees
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10 YEARS OF PA: More fund choice, but lower costs
As Portfolio Adviser celebrates its 10th anniversary, we reflect back to inform our view on what challenges the investment industry will encounter in the decade to come.
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European Wealth revises charging structure to lift financial planning arm
European Wealth has announced it will alter its fee structure after its financial planning arm saw disappointing turnover and the overall group reported losses in the first half of the year.
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PA ANALYSIS: Woodford’s bold move puts pressure on whole industry
Neil Woodford’s peers in fund management have once again been caught off guard by a bold move from Britain’s best known investor.
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Fund fees decrease across Europe – Morningstar
The average net expense ratios of European-domiciled funds have come down across the board since 2013, according to a study by Morningstar.
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IA says hidden fund fees are like Loch Ness monster
A research paper published by the Investment Association has offered evidence which it says calls into question claims hidden fund fees are prevalent in the asset management industry.
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PA OPINION: Zero-fee funds? Be careful what you wish for
Talk of a 0% fee for passive investing is an enticing prospect, but as core funds become cheaper so groups are encouraged to over-complicate the satellite.
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Asset managers should expect more fee pressure from DFMs – Cerulli
Active asset managers can expect growing pressure on fees from DFMs, according to a study from data company Cerulli Associates.
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Franklin Templeton slashes UK equities fees
Franklin Templeton Investments has made big cuts to the fees on three of its UK equities funds.
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UK advisers working longer hours, charging £157 per hour
More than a quarter of UK financial advisers are working longer hours, charging an average hourly rate of £157 ($226, €199), according to research from British insurer Prudential.
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Smart beta provider ERI to abolish fixed management fees
In an unprecedented move, ERI Scientific Beta, a provider of smart beta indices that is an offshoot of the EDHEC Risk Institute in France, today announced it will offer its mandate clients the option to only pay performance fees.
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PA ANALYSIS: Should IFAs and fund supermarkets fear the price war?
The investment industry has seen an unusual flurry of fee cuts, transparency improvements and new launches recently but is this all for the better or a reason to worry for some?
