Asset managers will need to overhaul their UK fund boards to meet the FCA's new rules designed to beef up independence, as research reveals firms have a "marked absence" of formalised board practice and procedure.
The inaugural State of the UK Fund Boards 2018 study, conducted by research consultancy UK Fund Boards (UKFB), found just 11% of board members are independent - some way off the 25% the Financial Conduct...
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Follows Lord Hill listing recommendations
Helping firms 'get ahead' under SFDR
Hill report calls for cut in free float to 15%
Expected by Q2 2021
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers