Advisers let down by MiFID II conflicting cost calculations - Fundscape

On the introduction of transaction cost disclosure, through the second iteration of the Markets in Financial Instruments Directive (MiFID II), Caridade-Ferreira (pictured) said: "Regulators, Authorised Corporate Directors (ACDs) and platforms were ill‐prepared and have let advisers and investors down badly. It's time they got their act together."  "With an utter disregard for common sense that characterised MiFID II's generally inglorious introduction, the regulators provided fund managers with two diametrically opposed calculation methodologies," she said.    ACDs and compliance team...