Dan Brocklebank: Fidelity fees move is step in right direction

Time to raise quality of debate

clock • 5 min read

In allowing fixed-percentage charges to become so prevalent, argues Dan Brocklebank, the funds industry has allowed a conflict of interests between clients and managers to persist for too long

Fidelity International's pivot toward performance-based fees was yet another watershed moment in an eventful year for the UK fund management industry. It follows the Financial Conduct Authority's (FCA) final report in June, which put the industry on notice that investors have been poorly served by prevailing fee models. It is unclear if Fidelity's decision was a direct response to the FCA's report and the details of its new charging structure still have yet to be announced but the direction of travel for the industry is unmistakable and will have wide-ranging consequences. Ultimately ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read
NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

NextWealth MD Hopkins on staying ahead of advice sector changes, data challenges and flattening MPS fees

Making technology work better

Katrina Lloyd
clock 03 July 2025 • 9 min read