Mifid II

The Financial Conduct Authority (FCA) must ditch the methodology used to calculate transaction costs incurred by investment of defined contribution (DC) funds as a matter of urgency, the Investment Association (IA) says.

The FCA introduced new regulations around the measurement and disclosure of transaction costs in January. Jon Parker looks at how trustees should respond.

The Investment Association (IA) has updated its template Investment Management Agreement (IMA) to reflect new MiFID II requirements, which came into force on 3 January 2018.

Gina Miller and others deserve ‘apology…public recognition and thanks’

Fund groups have been criticised as newly disclosed transaction costs under MiFID II show the actual cost of ownership of some of the UK's most popular funds is as high as 85% above previously disclosed OCFs.

Transparency and anti-Brexit campaigner Gina Miller is planning to sue the FCA over its approach to MiFID II, claiming the regulator is not taking a firm enough approach to ensure asset managers comply with the new rules.

This week's top stories included what pension schemes should do following the arrival of MiFID II, and Barnett Waddingham posting a 40% rise in pre-tax profits

The deadline for implementing the revised Markets in Financial Instruments Directive (MiFID II) has finally arrived. The Pension and Lifetime Savings Association (PLSA) says there are key things pension funds need to do

Fidelity International has unveiled further details of its new variable management fee model, which will launch on 1 March next year across the clean share classes of ten active equity funds.

Fidelity International will adopt a new active fund fee model that shares the risk and reward of investment performance with clients, known as a "fulcrum fee".