Date: 5th October 2016
Author:
Type: In the news
EuroFinuse, the European Federation of Financial Services Users, is closely following the debate on
the “UCITS V Directive” that is currently focusing on depositories’ liabilities and asset managers’
remuneration.
These are two major issues that have to be tackled by EU institutions, as they were exposed as the
weakest part of the UCITS framework during the financial crisis. Performance fees are inadequate as
fund managers can influence the level of fees received by selecting a benchmark that can be easily
beaten.
Read the full Press Release here.