The Financial Conduct Authority (FCA) must ditch the methodology used to calculate transaction costs incurred by investment of defined contribution (DC) funds as a matter of urgency, the Investment Association (IA) says.
The FCA introduced new regulations around the measurement and disclosure of transaction costs in January. Jon Parker looks at how trustees should respond.
The Investment Association (IA) has updated its template Investment Management Agreement (IMA) to reflect new MiFID II requirements, which came into force on 3 January 2018.
Transparency Task Force calls for IA's Cummings to apologise over 'offensive' Loch Ness fees comments
Gina Miller and others deserve ‘apology…public recognition and thanks’
Fund groups have been criticised as newly disclosed transaction costs under MiFID II show the actual cost of ownership of some of the UK's most popular funds is as high as 85% above previously disclosed OCFs.
Transparency and anti-Brexit campaigner Gina Miller is planning to sue the FCA over its approach to MiFID II, claiming the regulator is not taking a firm enough approach to ensure asset managers comply with the new rules.
This week's top stories included what pension schemes should do following the arrival of MiFID II, and Barnett Waddingham posting a 40% rise in pre-tax profits
The deadline for implementing the revised Markets in Financial Instruments Directive (MiFID II) has finally arrived. The Pension and Lifetime Savings Association (PLSA) says there are key things pension funds need to do
Fidelity International has unveiled further details of its new variable management fee model, which will launch on 1 March next year across the clean share classes of ten active equity funds.
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.
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
Multiple codes of conduct on charges and costs would be "horrendous" and make it harder to boost transparency says Margaret Snowdon.
Michael Klimes looks at the latest proposal to bring transparency on asset manager costs.
The Investment Association (IA) has introduced a working group to help establish a new code for disclosing asset management fees and costs.
LGPS funds will be reclassified as retail investors, which could lead to a major asset sell-off, increase costs, and restrict what they can invest in, finds Stephanie Baxter