Regulators have caused "organisational chaos" by providing fund managers with two entirely different transaction cost calculation methodologies with the introduction of MiFID II and PRIIPs, according to Fundscape.
The research house said the confusion has been caused by two conflicting instructions given to authorised corporate directors (ACDs) and compliance teams regarding the calculation of implicit costs, rather...
More than 4,500 retail investors affected
After failing to turn up to hearing twice
Winning back consumer confidence
Taxation of loyalty bonuses
Shares down more than 50%