In the Margins

Calls for stronger fund governance in U.K. asset management biz

February 21, 2017

By Pensions & Investments

The Financial Conduct Authority should consider enhanced governance and a “health warning” on fees as part of its market study into the U.K. money management industry. It also wants enhanced fund governance processes, with “demonstrably robust mechanisms for the definition, consideration and reporting of how funds deliver in the best interests of clients to enable governance bodies, advisers and investors to better assess and compare value.” Read the original story from Pensions & Investments.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...