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05.03.2018 14:51 Age: 51 days
Category: In the media

FN: Asset Managers Pay £34m Compensation for Overcharging Investors.


In an article published  by the Financial News on the 5th of March 2018, asset managers are set to pay out £34m following an investigation by the FCA uncovering widespread evidence of funds charging expensive management fees for doing little more that tracking their benchmark. The compensation payments are stated as coming after Better Finance`s investigation from last year into closet indexing. 

Though the FCA is not naming investigated funds, the aforementioned investigation conducted by Better Finance found that funds by Schroders, Fidelity International , JPMorgan Asset Management, Henderson and Amundi are potential closet trackers. For more on the investigation conducted by Better Finance see here


Read full article:  Asset Managers Pay £34m Compensation for Overcharging Investors.


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