Cuts minimum holdings to quality for loyalty scheme
All change please: What the platform rebate bans means in practice
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 Investment Management Association (IMA) has called on members to "abandon" using annual management charges on any literature following the regulator's guidance on fund charges.
The Financial Conduct Authority (FCA) has urged asset managers to move away from using the annual management charge (AMC) as their headline cost, instead pushing for a focus on the ongoing charges figure (OCF).
Invesco Perpetual has made a major change to its charging structure across its range of funds, scrapping the annual management charge in favour of a single charge which encompasses all costs.
In this week's quick-fire poll: Does the planned cap on annual management charges (AMC) for pension schemes risk bringing an "artificial" element to the market, as Scottish Life has warned?
The unbundling of platform charges will result in greater price competition between fund providers, the Financial Services Authority (FSA) said today.