Asset Management

UK investors could axe £16bn from fund fees, ex-FCA costs champion says

Billions would be on the table if firms had access to more information when negotiating with fund managers, Chris Sier says

'The truth is, even asset managers all accept they will do special deals for everybody'
'The truth is, even asset managers all accept they will do special deals for everybody'

Institutional investors could save up to £16bn a year in fees by using better data to negotiate charges with fund managers, an academic who oversaw a transparency push on charges at the UK regulator said.

Chris Sier, who the Financial Conduct Authority appointed in 2017 to chair a cost disclosure group following its landmark study into the investment management sector, said most fee negotiations between institutional investors and fund managers are starting “in the wrong place”.

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