MiFID II to signal inducements endgame for UK asset managers

Most vigilant stance possible

MiFID II will introduce the most vigilant stance possible on UK inducements, which is unlikely to need further gold-plating by the FCA, according to the Investment Association.

Mike Gould, retail markets specialist at the IA, said the introduction of the Markets in Financial Instruments Directive II (MiFID II) in 2017 will address European regulators' concerns that rules in this area are not being followed closely enough.   "I think MiFID II will probably be the final necessary step in combatting inducements, as it sets a much higher standard than both MiFID and the FCA have done," he said. "MiFID included a provision that any inducements should have the effect of enhancing the quality of service to the end client as I think there was a view that had been ta...