Fidelity International will adopt a new active fund fee model that shares the risk and reward of investment performance with clients, known as a "fulcrum fee".
The Financial Conduct Authority (FCA) has eased new rules for the Local Government Pension Scheme (LGPS) after concerns they could pose barriers to infrastructure investment and even cause an asset fire-sale.
The government is to change the definition of financial advice for regulated firms - replacing, with effect from 3 January 2018, the two existing interpretations with a single one based on the Markets in Financial Instruments Directive (MiFID) definition...
EU rules downgrading local authority funds to retail investors is throwing up complications for pooling and infrastructure investment. The FCA must ensure pools are part of the solution, writes Stephanie Baxter