Mifid II exposes ‘charging grubbiness’ of top 20 funds
Some of the biggest names in UK retail are charging investors nearly double the ongoing charges figure (OCF) of their funds, Mifid II regulations have brought to light.
MiFID II
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A market downturn sparked by Mifid?
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
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Getting to grips with Priips
After months of planning, EU regulations Mifid II and Priips finally came in to full force last week, but uncertainty around what it means for US funds on platforms remains.
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Platforms suspend funds over missing Priips document
Bestinvest has temporarily removed a handful of investment trusts from its platform as providers failed to deliver the documents required by regulations which came into force last week.
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Futures traders strike two-year Mifid transition deal
The Financial Conduct Authority (FCA) has given two futures traders until 2020 to comply with updated Mifir requirements which come into effect today.
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Mifid II to boost passive exposure
Europe’s passive funds will be given a boost in 2018 at the expense of active funds thanks to Mifid II’s drive for cost transparency, according to research firm Cerulli Associates.
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Firms given a six month reprieve on key Mifid II rule
The Financial Conduct Authority has backed a move by the European regulator to give firms a six-month reprieve if they fail to secure a key Mifid II requirement from clients.
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River and Mercantile takes on £1m extra Mifid costs
River and Mercantile has made an eleventh hour decision to absorb the predicted £1m cost of external research once Mifid II rules come into force on 3 January.
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Three potential game changers in 2018
It’s that time of year: Santa rallies, market outlooks and crystal ball predictions of where the FTSE will end 2018 are the subjects du jour. So rather than buck the trend, Clive Hale suggests three potential game changers for 2018.
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Unexpected Mifid costs hit profits at WH Ireland
Unexpected costs in implementing Mifid II changes have hit profits at WH Ireland over the past year despite revenue improving, the firm said on Friday.
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SVM’s McLean: Mifid is a threat to passive
The unbundling of research costs under Mifid II will increase the level of risk in passive investing, SVM’s Colin McLean has warned.
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Polar Capital covers research costs as restructuring ramps up
Polar Capital has announced it will cover the cost of research for some of its core funds amid changes to its “strategic focus”.