In last year's report, we described how costs and charges were at the top of the reform agenda in the investment industry. Little has changed in 2018.
Regulators around the globe continue to pursue simple and meaningful cost disclosures for funds, which remain elusive.
Meanwhile, an increasing number of regulators are also scrutinizing the level of costs and charges, with “closet tracking”, disclosure of benchmarks and performance fees being headline issues.
And the industry's remuneration practices continue to come under the microscope, with different potential outcomes for asset managers and fund management companies.