Bringing you live news and features since 2006 

Terry Smith, CEO, Fundsmith

Fundsmith welcomes FSA’s proposed platform payment ban

RELATED TOPICS​

Terry Smith (pictured), Chief Executive of Fundsmith, on the FSA’s platform consultation paper…

I welcome this announcement formally proposing a ban on funds providing payments to platforms. We are aware that many consumers have been frustrated at not being able to invest with Fundsmith because certain platforms haven’t been prepared to offer our fund as they could not accommodate our low charges.

Transparency is fundamental to a successful fund management model. There has to be a clear-cut charging structure for receiving advice, for the fund manager and for the platform.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by