This year’s FE Adviser Survey (Adviser Business Models – what lies beneath) looked at how advisers are managing their investment processes, to discover areas for improvement and to highlight best practice. Here, we look at one part of that process specifically – investment choices and which sectors advisers have increased their exposure to.
Nobody denies the value of a short document with key information for investors before they commit to a fund or product. But criticism of the calculations used in PRIIPs KIDs has been pretty constant since even before they hit the streets in January and has hopefully reached a level that can’t be ignored by the European Commission or the European Supervisory Authorities (ESAs).
First, we need to clarify that the IDD covers the distribution of two distinct types of insurance – non-life (general) insurance and Insurance-Based Investment Products (IBIPs).
Back in what now feels almost like pre-history, the European Working Group (EWG) came together to provide a standardised reporting template to deliver the data from asset managers to insurance companies for their Solvency II reporting and the Tri-Partite Template (TPT) was born.
The FCA has had a busy time so far in April, with the publication of, among other things, Policy Statement PS18/8 on final AMMS remedies, Consultation Paper CP18/9 on further proposed AMMS remedies and Occasional Paper 32 on the disclosure of fund charges.
With the World Cup beginning last week, football fans will have been putting together their dream teams, made up of the top players participating in this year’s tournament. Inspired by this, FE’s research team has put together their dream team of funds based on the FE Invest Approved List. They’ve opted for an attacking 4-3-3 formation, consisting of a goalkeeper, four defenders, 3 midfielders and 3 attackers.
The world nowadays is divided into generations that have grown up in completely different circumstances and which therefore have very different outlooks on the world. The generation made up of those born between 1980 and 1995 have come to be known as millennials, and while older generations may look down on them and say how “things were better in my day”, its undeniable that millennials and their views are shaping the future. This blog will consider the influence of millennials on the asset management industry and how it should be adapting to meet their needs.
It has been a tough decade for Europe on both the political and economic fronts. The global financial crisis and European debt crisis had significant knock on effects for the countries in Europe and political events such as the Brexit vote in 2016 led to uncertainty in the area. However, Europe is starting to prosper again. Let’s take a look at how/why money has flowed towards Europe recently. We’ll look at the IA Europe Excluding UK sector and, in anticipation of the fast approaching FE Alpha Manager Awards, will look at a selection of FE Alpha Manager award nominees with exposure to Europe.
Pre-sale Key Information Documents (KIDs) are now required for all Packaged Retail and Insurance-based Investment Products (PRIIPs) that don’t publish UCITS KIIDs. Following heavy criticism about misleading performance scenarios, the FCA says firms can now produce “explanatory materials to put the calculation in context”. Advisers can also “consider how to address this, for example by providing additional explanation as part of their communications with clients” without diminishing or contradicting the content of the KID.
Mikkel Bates, FE regulatory correspondent discusses whether there could be any changes to the MiFID II regulation from a client communication perspective, post Brexit.