The FCA's requirement that all UK open-ended funds have at least two or 25% of independent non-executive directors (iNEDs) on their boards will not "transform the industry" and does not go far enough, experts have warned
With exactly six months left for fund groups to implement the rule, which was one of the many 'remedies' outlined last April by the Financial Conduct Authority (FCA) following its Asset Management Market...
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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