Press Updates

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

15Jun 15

Why more than a third of UK funds are leaving investors short-changed

A report released by SCM Direct argues that a large number of funds investing in UK equities are simply expensive copies of index funds.

Why more than a third of UK funds are leaving investors short-changed

(Trustnet – External Link)

Posted By: True and Fair, 1:00 pm

15Jun 15

Closet tracker funds appear to double to 17

The number of ‘closet tracker’ funds – those funds that charge an active fee but appear to be closely aligned to a benchmark – has more than doubled in a year, new research by Investment Adviser shows.

Closet tracker funds appear to double to 17

(FTAdviser – External Link)

Posted By: True and Fair, 9:00 am

14Jun 15

‘Closet tracker’ funds more than doubled in the UK

The number of “closet tracker” funds that charge high fees for active management but do little more than mimic a benchmark has more than doubled in the UK over the past 12 months.

‘Closet tracker’ funds more than doubled in the UK

(Financial Times – External Link)

Posted By: True and Fair, 10:00 am

10Jun 15

Interview: Gina Miller, co-founder of SCM Private

In May 2015 we spoke with Gina Miller, founding partner of SCM Private. We discussed the current situation and possible future trends in wealth management in the UK.

Interview: Gina Miller, co-founder of SCM Private

(Datamonitor – External Link)

Posted By: True and Fair, 12:30 pm

27May 15

True and Fair Campaign Response To The FCA Consultation on Implementing MiFID II

The True and Fair Campaign has submitted its response to the FCA’s Discussion Paper “Developing our approach to implementing MiFID II conduct of business and organisational requirements” on 26th May 2015.

True and Fair Campaign Response To The FCA Consultation on Implementing MiFID II

(PRESS RELEASE)

Posted By: True and Fair, 7:47 am

27Mar 15

Top British fund executives face pay restraint as regulators circle

Some of Britain’s top money managers are showing signs of pay restraint amid rising concern the industry’s bank-style rewards could be a threat to financial stability.

Top British fund executives face pay restraint as regulators circle

(Reuters – External Link)

Posted By: True and Fair, 2:00 pm