The Joint Committee of the three European regulators responsible for PRIIPs has just updated its Q&As and includes a detailed answer on how to arrive at the Recommended Holding Period (RHP) of a PRIIP.
The FCA has recently published the findings from its review of MiFID II costs and charges disclosure. The review covered 50 firms and found different interpretations of the rules.
Now in its 11th year, the FE Alpha Manager rating is now firmly established and highly coveted in the fund management industry. Unlike fund ratings, which are based on various performance criteria of the fund, the FE Alpha Manager Ratings rate the performance of a fund manager over their entire career including all funds they have managed, and places worked and helps fund selectors to take a step back and remove short-term market movements or cyclical factors from their analysis.
Despite a lack of ability to do much at a local level about PRIIPs, the FCA issued a Call for Input (CfI) last year to ask for industry views on issues such as the scope of the PRIIPs Regulation and the calculation and presentation of risks, returns and costs on a KID. It deserves a muted round of applause for acknowledging the industry’s concerns and for publishing its Feedback Statement, FS19/1, responding to the huge number of responses it received to the CfI.
It is becoming more and more evident that the wealth and asset management industry is going through a digital transformation. Changing technology is making space for a new breed of digital competitors with innovative solutions aiming to disrupt the industry. Increasingly, clients are demanding and expecting online tools and mobile functionality to be part of their online user experience along with a seamless customer experience.
While much attention since MiFID II came into force a year ago has been on cost disclosure, the European regulator ESMA has published two consultation papers (CPs) on integrating sustainability risks and factors in MiFID II, tightening up on suitability of advice, and in UCITS and AIFMD, incorporating them in product governance.
Following its CP18/29 at the end of last year, the FCA has now opened its doors to firms and funds from Europe to register their intention to apply for full UK authorisation following Brexit.
2018 is drawing to a close so now is time to take a look back at the year gone by to see what facts and figures have emerged. In order for asset managers to better connect with advisers and understand their investment decisions, it’s crucial that we look at how advisers are behaving and why that may be.
We asked Rob Botha, Head of Data at FE, how FE helped the European Fund and Asset Management Association (EFAMA) to boost transparency.
ESMA’s SMSG – its own panel of advisers, made up of industry participants, consumers and academics – has published its advice to ESMA on the proposals in the PRIIPs Consultation Paper, JC 2018 60, and it doesn’t pull any punches.