EU regulators are set to conduct a large-scale study into the cost and performance of both active and passive funds, European Securities and Markets Authority (ESMA) chair Steven Maijoor has said.
Maijoor said in a Paris conference speech that ESMA and the European Banking Authority would assess retail products' cost reporting and past performance to "increase investors' awareness of the net return...
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After 14-month FAS programme
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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