Investors hit by £27.7m extra costs in FCA plans
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
Investors could see fund costs soar by £27.7m a year as asset managers pass on the expensive burden of satisfying new FCA regulations.
The FCA has finally released its full report into the asset management industry following a year-long review of the market – but what do its proposed remedies mean for funds?
Deutsche Bank Wealth Management has appointed the former chief executive of Coutts & Co to lead its UK business.
The FCA is to probe how the investment platform market is functioning over fears there is a lack of competition between providers.
The Investment Association has called for a “pragmatic timetable” in implementing the changes brought about by FCA Asset Management Market Study.
The Financial Conduct Authority has stood by its earlier pledge to crackdown on fund charges in a damning final report on the asset management industry, released today.
ECB president Mario Draghi delivered an upbeat message on the eurozone recovery on Tuesday as BoE governor Mark Carney addressed concerns over the level of household debt.
Neuberger Berman has expanded its alternatives offering with the launch of an Uncorrelated Strategies Fund.
Specialist emerging and frontier markets manager East Capital is to launch a fund investing in socially responsible emerging market companies.
Fidelity International has launched the FIRST ESG All Country World Fund, which seeks out companies with a positive environmental, social and governance impact.
With the final report from the FCA’s market study of asset management due on Wednesday morning, speculation is rife about what the long-awaited recommendations could say. We look at the five groups who could face the repercussions.
Polar Capital continued to feel the sting of outflows from four of its major strategies, resulting in its third consecutive year of net negative flows.