IMA

Performance matters: Can the IMA solve fund charges conundrum?

UK equity income funds recorded their best month on record in April as the ongoing demand for income solutions saw them rake in hundreds of millions of pounds.

The Financial Conduct Authority (FCA) has said it will not issue further guidance on inducements, despite growing calls to do so from fund groups.

The Investment Management Association (IMA) has written to UK fund groups asking them to anonymously disclose details of salary structures following discussions with EU regulators.

Proposals that will see fund managers break down profits and losses in pounds and pence figures for the first time have been approved by the Financial Reporting Council.

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 Investment Management Association (IMA) is planning an industry standard for how fund groups disclose turnover costs, it has emerged.

The Investment Management Association (IMA)is to merge with the Association of British Insurers' (ABI) investment affairs unit in a bid to give fund managers a single, stronger representative voice.

The IMA has said it will ensure the UK Equity Income sector does not become "unrepresentative" as other funds look set to follow Invesco Perpetual High Income out of the peer group.

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