Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

IMA responds to FCA research fee crackdown with eight-point plan

by Eleanor Lawrie on Feb 18, 2014 at 13:54

IMA responds to FCA research fee crackdown with eight-point plan

The Investment Management Association (IMA) has urged investment managers to only pass on research fees that are in clients' interests, as part of a review on dealing commissions. 

In 36-page document in reaction to a crackdown by the FCA on companies using dealing commission to pay for corporate access, the trade body highlighted eight key areas, split between clients and market, which need addressing.

The client

* The regime should operate in the best interests of investment managers' clients

* Investment managers should behave demonstrably as guardians of clients' best interest within that regime

* Any cost borne by a client should reflect an investment manager's honest, fair and professional assessment

* Investment managers should disclose to their clients in a timely and meaningful fashion any cost or fees relating to the consumption of research


* The research market should operate efficiently and transparently

* The market structure should ensure a wide range of investment managers have access to a broad spectrum of competing research providers and service offerings and does not raise barriers to entry

* Research providers should not discriminate in their supply according to other services

* The UK's regime for paying for research should not undermine the UK's international competitiveness.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets

From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet