TILLIT plans to publish its quarterly investment committee reports and meeting summaries as part of its best buy recommendations in an effort to boost the transparency of its decision-making process.
The DIY investment platform will explain why it selects, reviews and removes funds from its best buy lists. Fund investment buy lists have come under scrutiny in recent years, in particular those that recommended the former Woodford Equity Income fund. The Woodford saga is far from over WEIF, which once held £10bn of investor money before it failed in October 2019, was on several best buy lists up until its liquidation. The Financial Conduct Authority has since written to CEOs urging firms operating best buy lists that the process for clear selection, monitoring and deselection ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
