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Fund managers branded ‘arrogant and complacent’ on fees

Asset managers have been branded “arrogant and complacent” by the academic tasked with creating a new template for fund costs and charges. Transparency campaigner Chris Sier, who is chairing the regulator’s disclosure working group, has told The Times that he estimates £35bn a year is being overcharged from pension funds in hidden costs. On those […]

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Woodford dropped by another fund house

Architas has fully disinvested from the Woodford Equity Income fund within its six-strong £920m multi-asset fund range as it raises concerns over the manager’s current style, Money Marketing has learned. The firm has reduced the overall asset allocation to UK equities in the range as it decides to focus on fewer more “flexible” fund managers […]

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Retail investors stick by Woodford through difficult 2017

Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]

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Another firm appeals bill for late Gabriel return

Another firm has complained that the FCA was wrong to charge it a fee for filings its regulatory returns late. Having missed the deadline to file its Gabriel return, the firm argued to the Complaints Commissioner that it should not have to pay the £250 administration fee because it did not receive a reminder by […]

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