by Richard Bradley | 25 October 2019 | Europe
Every European market is unique. Local regulations and interpretations of pan-European directives differ. Fund distribution channels differ. The mix of investments differs. The asset managers and insurance companies providing these investments differ. European...
by Richard Bradley | 23 August 2019 | Europe, UK D2C, UK Fund Distribution
Rebates have been confirmed as taxable this month, in the long-running clash between Hargreaves Lansdown and HMRC. This effectively confirms ‘superclean’ share classes are the most tax-efficient mechanism for delivering preferential rates on funds, rather than the...
by Richard Bradley | 02 August 2019 | Europe, UK Adviser Platforms
We’re seeing mergers, acquisitions and partnerships in the platform technology market across Europe and the UK. Some pretty mind-boggling numbers are being thrown around in the European platform market. Allfunds’ platform will administer half a trillion euros of...
by Richard Bradley | 19 July 2019 | UK Financial Advisers, UK Fund Distribution
Pre-RDR, much of the ‘power’ in the market was held by asset managers: they charged the fees and remunerated advisers/platforms via rebates/commission. The RDR flipped this on its head. Now it is the advisers who are firmly in control, setting fees and choosing – or...
by Richard Bradley | 21 June 2019 | Europe
We’re seeing a slow rise in the use of clean share classes across Europe, challenging the existing business models of many platforms. And, unfortunately, we can’t look to the UK for a hint of where we’ll end up. While clean share classes are more or less ubiquitous in...
