Cost reporting under Mifid II continues to be the most challenging element for advisers when writing suitability reports, according to Pimfa director of regulation Ian Cornwall. Speaking at the Money Marketing Interactive conference today, Cornwall says charges reporting remains “the most difficult part” of Mifid II due to the lack of standardised templates. He says: […]
Allianz Global Investors has launched a performance fee structure on five of its UK funds in response to the competition with passive providers and an increasing transparency clampdown. The ‘outperformance fee’ share class will charge a fixed fee of 20 basis points and a performance fee of 20 per cent that will apply only if the […]
O&M Pension Advice will stop offering its pension transfer advisory service from 1 July. The firm, working with its outsourced compliance provider CATS, has now begun the process of winding down the business and will stop accepting new cases as of today. O&M will continue to produce transfer value analysis reports for advisers using its […]
Standard Life Aberdeen has hit back against Lloyds terminating investment management arrangements worth £109bn, saying the merged company is not in competition with the bank. In February, the Scottish Widows Investment Partnership assets were pulled because Lloyds saw Standard Life as a rival. In a stock exchange update today, Standard Life Aberdeen says it and […]
Jelf Employee Benefits discusses the legislative changes in Dubai, available medical facilities and policy considerations for employers with expatriate workforces in the country. This edition will be of particular interest to global human resource directors, compensation and benefits specialists and mobility managers who have employee populations in Dubai, or are considering operating there in the near future.
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