MiFID II

Attributing fees to fund range

As is often the case with sequels, MiFID II is more ambitious, more expansive and arguably more confusing than its predecessor.

'Zero tolerance approach' to more straightforward areas

Ensure funds are ‘fit-for-purpose’

Plans further acquisitions of smaller DFMs

Asset managers could further reduce research budgets

Applied for investment adviser status

More education needed

Different costing arrangements

To increase investors' awareness of fee impact