Aims to encourage competition in industry
Less than 100 days until MiFID II deadline
Filling a gap in 'middle tier' of asset managers.
Following Fidelity's move to a variable fee structure on equity funds
Unintended consequences
Brexit may lead to FCA writing UK regulation
Comments from buyers and industry peers
Known as 'fulcrum fee'
'Hindsight will have a field day'
While retailers gear up for the Christmas countdown, the clock is also ticking for overworked compliance teams to get to grips with the complexities of MiFID II as they work towards the 3 January 2018 implementation date.