Small asset managers ‘will charge investors for Mifid research costs’
The smaller asset managers are, the more likely they will charge their clients for research under Mifid II, according to a fresh survey.
Mifid
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Mifid II will expose complacent funds
Mifid II will be good for investors because it requires asset managers to ensure their funds remain fit for purpose, says Morningstar.
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Fidelity passes on external research costs to clients
Fidelity International has decided it will pass on costs for external research under Mifid II to clients.
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Asset managers make U-turn on Mifid II research costs
The British asset manager Schroders and its German peer Union Investment announced on Friday they would absorb all external research costs under Mifid II. Both companies had previously said they would pass some of these costs on to clients.
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Mifid II research unbundling consensus grows, again
Deutsche Asset Management and Franklin Templeton are the latest firms to reveal they will take on the cost of research once Mifid II comes into force next year.
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Quarter of firms not ready for Mifid II
More than a quarter of businesses are struggling to prepare for Mifid II ahead of the January 2018 deadline, a new survey from communications firm Teleware has found.
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Financial adviser body calls for harmonisation of EU product distribution rules
The legislative barriers restricting the cross-border distribution of funds across Europe have to be removed and replaced with harmonised rules at EU level, the European Federation of Financial Intermediaries and Financial Advisers (Fecif) says.
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Asset managers fear Mifid II sales impact
The country with the highest level of retrocessions in Europe also was the most lucrative market for active managers in 2016. Little wonder some asset managers believe Mifid II will negatively impact fund sales.
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Asset managers expect hit to profits; consider move into passive
A group of asset managers surveyed by Expert Investor unanimously agreed that the industry will become less profitable over the next three years.
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The Brexit debate: What exactly do we know?
As the British government struggles to trigger an exit from the European Union, fund distribution heads at some of the biggest asset managers share their thoughts on the implications for their UK and European operations.
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France, Germany and Italy fighting EU-wide ban on commission
France, Germany and Italy are fighting against introducing a complete ban on commission in their financial services industries despite pressure from the EU, according to Michael Lodhi, chairman of Luxembourg-based Spectrum IFA Group.
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Fund fees fall by a fifth after inducement ban
Retail investors in the UK are now paying over a fifth less in annual fund fees as a result of the introduction of the Retail Distribution Review (RDR), according to analysis by online investment platform rplan.