Date: 5th November 2019
Author: BETTER FINANCE
Type: In the news
Among other topics, the latest newsletter of POLITICO discusses the clash of fund managers and consumer groups on fees and responses to ESMA's Consultation Paper on Guidelines on Performance Fees in UCITS. BETTER FINANCE, as a representative of financial services users, was quoted in the newsletter: “It falls under the fair treatment of investors to penalize the UCITS manager if the investment objective is not reached during the same reference period and in the same proportions as the performance fee.”
Read the full newsletter and BETTER FINANCE's response to ESMA's consultation.