analysis rdr pressure on adviser fees
RDR has generated a number of unintended consequences and its potential impact on the types of fund investors want to buy has been a significant challenge for some fund managers.
Fees
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Henderson cuts fee on Pattullo and Barnard trust
The board of Hendersons Diversified Income trust has decided to reduce the vehicles management fee from 0.75% to 0.65% of gross assets.
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Advisers falsely claiming independence
An early FCA review into the adjustment to RDR shows some advisers continue to describe themselves as independent yet are choosing products from a limited number of providers.
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Advisers reveal favoured post-RDR fee structures
The majority of advisers have started charging clients a percentage of the investment amount as they seek to establish the best fee models post-RDR.
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Brutal DFMs demand immediate performance
Half of DFMs would ditch an underlying fund manager after six months of poor performance as this and perceived trustworthiness are considered to be the most important considerations when making an investment.
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Wealth and fund managers face FCA funding hike
The combined annual funding requirement (AFR) for the FCA and PRA is £646.3m, a 15% increase on the FSA's figure in 2012/2013.
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Liontrust scraps rebates on UK Smaller Co
Liontrust will cease rebate payments on its UK Smaller Companies Fund from May, following the launch of a clean fee institutional share class in January.
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five-year fee decline in industry
The average management fee gathered by the funds industry has “fallen dramatically” since 2007 due to the cyclical shift to fixed income products and an inclination toward less expensive funds, according to investment research firm Morningstar.
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Investors positive about hedge funds in 2013
Hedge fund assets are set to reach record levels by the end of 2013 and inflows are expected to hit $123bn during the year. But private banks have proved more reticent than pension funds in reallocating capital to the asset class.
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inevstors hit by 16bn in hidden fees
UK investors face over £16bn in hidden fees and charges per year, according to latest research from SCM Private for its True and Fair Campaign launched just over a year ago.
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hargreaves ditching gibbs should wake up industry
Hargreaves Lansdown has called for the asset management industry to take another look at performance fees, putting the argument forward for the charge to be scrapped entirely.
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pa analysis rdr fund costs fee disclosure
Price comparison sites are the norm on the online high street but price transparency does not in itself guarantee a better deal for consumers.