Press Updates

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

27Mar 15

Norway gets tough on closet indexing

Action taken by the Norwegian financial regulator against DNB Asset Management for managing an active fund closely to its benchmark has been welcomed

Norway gets tough on closet indexing

(Funds Europe – External Link)

Posted By: True and Fair, 1:00 pm

27Mar 15

Asset managers offer new cost disclosures

Funds’ trading costs would be revealed for the first time under proposals to overhaul disclosure standards from the UK asset management trade body.

Asset managers offer new cost disclosures

(Financial Times – External Link)

Posted By: True and Fair, 11:00 am

27Mar 15

The end looms for ‘Alice in Wonderland’ fees

The asset management industry suffered a shock last month when an influential panel that advises the UK regulator on policy issued a damning report on the state of the fund market.

The end looms for ‘Alice in Wonderland’ fees

(Financial Times – External Link)

Posted By: True and Fair, 11:00 am

27Mar 15

Norway takes action against closet-tracking

The Norwegian regulator has become the first in Europe to accuse a bank of mis-selling a “closet tracking” fund — products that charge high fees for active management but mimic an index.

Norway takes action against closet-tracking

(Financial Times – External Link)

Posted By: True and Fair, 10:00 am

27Mar 15

Are British Money Managers Lagging Behind the U.S.?

SCM Private Founding Partners Gina Miller and Alan Miller discuss transparency and fee structure of the U.K. financial services industry. They speak with Francine Lacqua on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)

Are British Money Managers Lagging Behind the U.S.?

(Bloomberg – External Link)

Posted By: True and Fair, 8:00 am

09Feb 15

SCM Direct Encourages Class Actions re UK Closet Indexation Epidemic

SCM Direct’s new research reveals more than a 1/3 of the UK active fund industry is no more than an expensive clone of the stock market.

SCM Direct Encourages Class Actions re UK Closet Indexation Epidemic

(PRESS RELEASE)

Posted By: True and Fair, 8:00 am

19Dec 14

True and Fair Camapign Statement on ESMA Guidance

Statement from the True and Fair Campaign on the European Securities and Markets Authority guidance on MiFIDII rules

True and Fair Camapign Statement on ESMA Guidance

(PRESS RELEASE)

Posted By: True and Fair, 12:00 pm

01Dec 14

True and Fair Campaign: IMA cost rules ‘half-baked and misleading’

The True and Fair Campaign has hit out at the Investment Management Association, claiming its new comparable fund cost measure is “misleading the public, regulators and politicians.”

True and Fair Campaign: IMA cost rules ‘half-baked and misleading’

(Money Marketing – External Link)

Posted By: True and Fair, 5:00 pm

01Dec 14

True and Fair Campaign: IMA cost rules ‘half-baked and misleading’

The True and Fair Campaign has hit out at the Investment Management Association, claiming its new comparable fund cost measure is “misleading the public, regulators and politicians.”

True and Fair Campaign: IMA cost rules ‘half-baked and misleading’

(Fundweb – External Link)

Posted By: True and Fair, 3:30 pm