In letter to FCA’s Christopher Woolard
Widely anticipated since RTS rejection
Successful motion passed in EU last week
Will come into force 31 Deember 2016 if approved
Investors are not receiving adequate information on the extent to which funds are being levered up through the use of derivatives, a review by the Financial Conduct Authority (FCA) has found.
All change please: What the platform rebate bans means in practice
Invesco Perpetual has made a major change to its charging structure across its range of funds, scrapping the annual management charge in favour of a single charge which encompasses all costs.
Key Investor Information Documents (KIID) are still heaving with jargon, despite being required to use language that is "clear, succinct and comprehensible", a survey among advisers suggests.
The European Fund and Asset Management Association (EFAMA) says recent developments are in danger of scuppering proposals which aim to increase investor protection of Packaged Retail Investment Products (PRIPs).