Lord Forsyth of Drumlean, chair of the Financial Services Regulation Committee, has written to Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), pushing for a resolution to the cost disclosure issue that has been plaguing the investment companies sector. This is a very welcome intervention, we think, and hopefully it will add to […]
QuotedData’s James Carthew recently interviewed the two Baronesses that are part of the team fighting to fix the sector’s cost disclosures problem. 0:00 – Why and how did you get involved in the campaign? 3:31 – Why is this issue important for investors? 8:18 – Is legislation the answer to resolving this issue? 14:50 – […]
We have co-signed a letter in today’s Times that calls for more urgent action on cost disclosures. You can read the letter on The Times site here Or you can see a version with the full list of signatories at the new website dedicated to this issue here James & Ed
Since October 2023, we have been keeping you up to date with the investment companies industry’s fight to address misleading cost disclosures. Yesterday, we joined with around 300 co-signatories in submitting a response to HM Treasury’s call for comments on its proposed solution. You can read the document here. It is more than a little […]
by Val Cipriani, Investors’ Chronicle, November 30, 2023: A reform of the requirements to disclose costs could increase demand for investment trusts, potentially helping to narrow discounts to net asset value (NAV) in the sector. As part of last week’s Autumn Statement, the government published documents on how it plans to replace the current European […]
Lauren Hardy, Portfolio Adviser, 22 NOVEMBER 2023: The Financial Conduct Authority (FCA) has been given the power to overhaul issues with cost disclosure regulation unfairly penalising investment companies, it has been confirmed in the statement accompanying today’s (22 November) Autumn Statement. While the move has been applauded, others are disappointed by the pace of change […]
Eve Maddock-Jones, Investment Week, 17 November 2023: A private members’ bill tabled by former pensions minister Ros Altmann, which urged the government to remove investment companies from the Alternative Investment Fund Managers Directive (AIFMD) regulation, was selected in the ballot last week and will have its first reading on 22 November. Following a debate on […]
Back in October, we highlighted some issues facing the investment companies industry related to the rules around cost disclosures – basically, investors have been presented with misleading figures for charges that include the running costs of any underlying funds. That is putting off new investors, encouraging selling by others, and has led to platforms restricting […]
If you read my QD view from 27 October, you’ll be aware of the efforts that are going on to improve the way that costs are disclosed and stem the tide of money leaving the investment companies sector, helping to address its current discount problem. Encouragingly, politicians seem to be grasping the nettle here. On […]
NB Distressed Debt has published interim results covering the six months to the end of June 2016. By that point, the NBDD Share Class had returned, through capital distributions, $108.4m or 87% of investors’ original capital of $125.0m by the end of the period. This, when added to the NAV of $40.3m, brings the ratio […]
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated