Whatever happened to value for money on fees?
ANALYSIS: The Financial Markets Authority seems to be saying it’s ‘job done’ on fund manager fees – its own annual report shows that’s wrong.
Illustration: Michael Hickmott.
Back in early 2021, the Financial Markets Authority ruffled a few feathers when it published a guidance document called “Managed fund fees and value for money”.
At the same time, they asked a “small number” of fund managers to participate in a pilot scheme to test how they and their
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