Cerulli Associate’s latest European research points to ‘fee wars’ having broken out into the open in the actively managed space, while UK based Fitz Partners has highlighted significant discounts being made available via clean share classes put in place after the country’s Retail Distribution Review – with both sets of research suggesting a significant shift […]
Allfunds Bank has appointed Nick Emmins to head is new Investment Research services aimed at UK Wealth Managers and other third party fund buyers. In a newly created role, Emmins will be based in London and offer assistance on post-RDR and Midid II fund selection requirements. Allfunds head of UK and Ireland, Simon Shapland comments […]
The Swedish Investment Fund Association, Fondbolagens förening, has sharply criticised proposals put forward by the country’s financial supervisory authority, Finansinspektionen (FI), to ban commission based sales of financial products. FI’s report into the matter published earlier this month (http://www.fi.se/upload/43_Utredningar/20_Rapporter/2016/ett-nodvandigt-steg-sparandemarknad.pdf) came with a stark conclusion. “When consumers cannot judge either quality or price of a service […]
Funds transaction network provider Calastone is set to push its recently launched stock transfer service to the Continental European wealth management market, having announced the adoption of Transfer Service by Investec Wealth & Investment for the UK market. Rathbone Investment Management is another predominantly UK client that has already adopted the service, which comes in […]
Investors in Fidelity Asian Values Plc are set to benefit from a lower annual management charge from 1 August 2015. The board of Fidelity Asian Values Plc and Fidelity Worldwide Investment have agreed to reduce the annual management charge (AMC) from 1% per annum to a tiered pricing structure, starting at 0.9% per annum on […]
Mifid II poses significant regulatory burdens on wealth managers and their business models, potentially resulting in significant consolidation of the sector, as has already been seen via RDR in the UK, according to the view of consultancy Stamford Associates. A key change will be the spread of a ban on retrocessions on sales of investment […]
One year after the Retail Distribution Review (RDR) came into force for platforms, Nathan Travell (pictured) product manager at Milestone Group explains why automation is needed to help platform providers move out of the red and into the black. Assets under administration are going through the roof but top line profits remain under pressure. It’s […]
FIM, the Finland headquartered active manager, and the Stockholm School of Economics are jointly investigating the impact of a potential ban on commission that may follow a government inquiry into implementing aspects of Mifid II in Sweden. The research will be conducted through the spring and is intended for publication by May 2015. Students engaged […]
Investec Wealth & Investment has appointed Jane Warren as head of Digital in the UK, with a key brief to oversee development of an online investment management service for launch later in 2015. The new service will provide simplified advice based investment management. She will also be responsible for developing digital relationships with customers. Jonathan […]
According to a recent study on the impact of the UK Retail Distribution Review (RDR), commissioned by the Association of the Luxembourg Fund Industry (Alfi) and carried out by Fundscape, the key lesson learned is that positive engagement between all parties creates an easier process and regulation that works effectively for all concerned. The study, […]
Advisory, research and events business The Platforum has released the results of its “European Platforms and Open Architecture” report.
More than four in ten (43%) intermediaries believe that the new regime has improved the quality of advice they provide to clients with just 5% saying it has had a negative effect, a new study by Investec Wealth & Investment revealed.