IMA seeks disclosure to prevent soft commission unbundling

Details of Policy Statement 04/13 - Bundled brokerage and soft commission arrangements: feedback on CP176 - published on Friday suggest some fund management firms are concerned small companies with assets of less than £50bn could be forced to sell, close or move their business overseas if the Financial Services Authority goes ahead with plans to impose the unbundling of soft commissions. Fund managers, trade bodies and research firms responding to the FSA consultation document suggest the costs involved in separating research purchase, for example, from other elements of the fund managem...