Fund managers costs must be more transparent, says FSA

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Fund managers will have to show investors exactly what they paying for, demands FSA in its consultat...

Fund managers will have to show investors exactly what they paying for, demands FSA in its consultation paper CP176 "Bundled Brokerage and Soft Commission Arrangements" released today. This new policy will no longer allow fund managers to charge customers for services additional to dealing without their full consent. Additionally, if this proposal goes through, fund managers will have to discuss with their clients on how much to pay for additional services before they will make a decision. "These proposals are designed to do away with distortions in the market and make ...

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