Articles tagged: Distribution
  • July 2019Opinions & Features

    Austria

    Latest statistics from Austria’s regulator, the Financial Market Authority (FMA), reported by Fonds Professionell, show that the number of financial advisers working for networks, either as tied agents or investment advisers, continues to fall. Over the past year there has been a drop of just over 8%, with 242 fewer names on the list.
  • July 2019Opinions & Features

    France

    The Pacte Law (Plan d’Action pour la Croissance et la Transformation des Entreprises or action plan for the growth and transformation of businesses) is a wide-ranging law that came into effect on 23 May 2019. Article 71 covers pension schemes and the new Plan d’Epargne Retraite (PER).
  • July 2019Opinions & Features

    Germany

    Germany’s financial business regulator has defined minimum standards for IT in financial management companies (KVGs). Going forward, every KVG will need information security guidelines and a person in charge to supervise compliance with the respective guidelines. The new requirements will affect 137 KVGs in the market, who act as external managers and are legally separated from the fund company. …
  • July 2019Opinions & Features

    Italy

    Faced with increased market volatility, financial advisers have once again proved their resilience over the bank advisers, at least during the first quarter of 2019. Financial adviser networks channelled €1.2bn into fund products, acquiring 111,000 new clients. In contrast, other channels (mainly banking) suffered outflows of €5.9bn according to Assoreti. During the period January-May financial adviser networks injected €390m directly …
  • July 2019Opinions & Features

    Spain

    At first glance, May’s sales environment for distributors in the domestic area looked little changed from the previous month. Headline net inflows maintained much of the improved, if still modest, pace seen in April, while third-party funds of funds registered another of month overall net redemptions. A sharp drop from April’s rate of outflow, however, at least gave some qualified …
  • July 2019Opinions & Features

    Sweden

    AMFs annual survey of fees for retail funds in 2018 reveals that fund fees in Sweden continue to fall. The average fee for all funds sold in Sweden is now 1.41% – a drop of 0.06% from the previous survey. This overall drop in fees is concentrated on equity funds, which have gone from an average of 1.86% …
  • July 2019Opinions & Features

    Switzerland

    Two young, independent investment research boutiques from the French-speaking part of Switzerland have combined their resources and clients. Their partnership is aimed at providing consultancy services for pension funds, family offices, independent wealth managers and banks. Without a doubt, this move has been prompted by the upcoming increased regulatory burden of Fidleg and Finig, due to come into force by …
  • July 2019Opinions & Features

    UK

    The spotlight has been on Hargreaves Lansdown, the UK’s largest direct-to-consumer intermediary and platform provider, which has been heavily criticised for leaving the Woodford UK Equity Income on its recommended fund list prior to the fund’s suspension, despite poor performance. The firm has been accused of putting its own profits ahead of clients’ interests. The firm’s own multi-manager funds …