Censuswide: Lower fees and client interest alignment are the most important boutique attributes
While research commissioned by Nedgroup Investments found ownership and structure was a particular risk
ANNOUNCEMENT: UK Adviser is now PA Adviser. Read more.
While research commissioned by Nedgroup Investments found ownership and structure was a particular risk
‘Bundling’ of payments for third-party research could level the playing field for smaller asset managers
20 of the largest firms contacted regarding ongoing fees
Delivering an average 3.2% reduction for eligible customers
With 3% of firms still in noncompliance
Changes will reduce the firm’s underlying cash result ‘over the next few years’
One big issue is that the markets are ‘fragmented’
It will apply to all but two of the firm’s UK domiciled strategies
Regulation is giving firms an opportunity to re-evaluate their charges
UK regulator sets out its business plan for 2023-24 financial year
Watchdog will continue to ‘focus on providing value for money and maintaining standards of excellence’
‘Targeting more wealthy clients’ and ‘fees will be too low’ are main arguments against the FCA’s plans