Fund groups are set to come under fresh pricing pressure ahead of the ‘death' of AMCs, JP Morgan Asset Management's Jasper Berens has said.
The group’s head of UK retail expects the widespread use of annual management charges (AMCs) will be phased out by summer 2015, as calls for a clearer cost figure on funds intensify. Berens’ comments...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till