Fund managers are failing to comply with FCA’s Assessment of Value requirements
Simplify Consulting’s James Wood explains why fee transparency is still not up to scratch
Fees
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AJ Bell: 36% of active funds outperform passive in 2023
Funds that outperform hold lower average fee than underperformers, according to the platform
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FE Fundinfo announces distribution channel services
aimed towards asset managers facing fee changes
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Fitz Partners: One in six fund share classes have changed fees in past year
The Fitz database contains around 40,000 share classes
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St James’s Place to overhaul charging structures amid ‘robust’ quarterly results
Changes will reduce the firm’s underlying cash result ‘over the next few years’
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IBOSS cuts charges across 32 MPS portfolios
Negotiations with fund houses have resulted in reduced pricing
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FCA sees improvement in value assessments but warns there is ‘still work to do’
FCA warns not enough firms are cutting fees
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Interactive Investor cuts trading fees by a third
Charge for fund and investment trust trades dropped to £3.99
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Quilter Investors cuts fees on funds over £750m
It will apply to all but two of the firm’s UK domiciled strategies
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FE Fundinfo launches rebate management initiative
Current processes a ‘tangled web’ of obligations and eligibility criteria
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Quilter cuts fees and unveils tiered adviser structure
The company also makes changes to cash management
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Schroders cuts multi-asset fees
Global Multi-Asset range will have a maximum cap of 0.22%, down from 0.29%