Press Updates

28Nov 16

Summary: SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

(SUMMARY)

Posted By: True and Fair, 9:50 am

28Nov 16

Press Release: SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

SCM Direct / True and Fair Campaign’s Review Of The Financial Conduct Authority Asset Management Market Study

(PRESS RELEASE)

Posted By: True and Fair, 9:30 am

10Aug 16

Industry rejects IA’s ‘nonsense’ report on hidden costs

The Investment Association’s (IA) report on hidden costs and charges has been blasted as “amateurish and totally misleading” in a damning attack from the industry

Industry rejects IA’s ‘nonsense’ report on hidden costs

(Incisive Media – External Link)

Posted By: True and Fair, 2:00 pm

10Aug 16

IA criticised over ‘convenient’ hidden fee study time period

An Investment Association (IA) study which dismissed fears about hidden fund fees has drawn criticism for relying on a “convenient” time period and disregarding other factors which could skew its analysis

IA criticised over ‘convenient’ hidden fee study time period

(Financial Times – External Link)

Posted By: True and Fair, 1:00 pm

09Aug 16

SCM Direct Response to the IA’s Flawed Research on Costs

SCM Direct / True and Fair Campaign Response to the IA ‘Investment Cost and Performance’

SCM Direct Response to the IA’s Flawed Research on Costs

(PRESS RELEASE)

Posted By: True and Fair, 1:00 pm

09Aug 16

‘Fuss over hidden fees is hysteria’: charges are ‘Loch Ness Monster of investments’

The investment industry’s leading body has condemned ‘hidden fees hysteria’, claiming fund performance over recent years is proof that costs aren’t hitting returns delivered to investors

‘Fuss over hidden fees is hysteria’: charges are ‘Loch Ness Monster of investments’

(This is Money – External Link)

Posted By: True and Fair, 10:00 am

14Apr 16

Why funds must come clean on hidden transaction costs

On 4 April 2016, Woodford Investment Management (WIM) announced they would be paying the research part of the transaction costs from their annual management fees, rather than passing these onto clients.

Why funds must come clean on hidden transaction costs

(Interactive Investor – External Link)

Posted By: True and Fair, 4:30 pm

08Apr 16

INVESTMENT EXTRA: Pressure on funds after Neil Woodford’s vow

Gina Miller, founder of the True And Fair Campaign, which is fighting for funds to reveal their annual cost in a simple pounds and pence figure that savers can easily understand, says: “While Woodford should be applauded for detailing his costs, he does not trade very frequently. So his research costs are likely to be lower than many funds and therefore will have less impact on performance.

What I am more worried about is those managers who buy and sell regularly, perhaps three or four times as often as Woodford, and are not following suit.”

INVESTMENT EXTRA: Pressure on funds to be more transparent after Neil Woodford vows to pay for research from own pocket

(Daily Mail – External Link)

Posted By: True and Fair, 9:00 pm

19Mar 16

Inspirational Woman: Gina Miller | Founder, Miller Philanthropy

My name is Gina Miller and I am originally from South America which gives me a very strong matriarchal outlook.

Inspirational Woman: Gina Miller | Founder, Miller Philanthropy

(We Are The City – External Link)

Posted By: True and Fair, 2:20 pm

18Jun 15

Closet Index Tracking – Funds sold as active but are really expensive passive fund clones

February 2015 we produced our second report on the growing practice by active funds of closet indexing – which in our view is nothing short of fraudulent behaviour. This short video explains the issue and our findings

Closet Index Tracking – Funds sold as active but are really expensive passive fund clones

(ifa.com – External Link)

Posted By: True and Fair, 6:00 pm