Clients will receive enhanced fee disclosures beginning in 2027, as part of CRM3 — advisors should explain the changes in advance
Total cost reporting will increase fee transparency, put more onus on advisors to demonstrate their value to clients
Plus, other product launches and news, including more ESG fund terminations
Growing economic, sector, demographic challenges weighing on pensions
Structure could be more widely adopted, allowing efficiency gains
U.K. regulator consults on reforms to support fund industry innovation
Despite challenges, sector's results remain solid, growth prospects bright
Morningstar study analyzed more than 57,000 new funds worldwide in eight-year period
Expanded fund reporting requirements to take effect in 2026
Flows into low-cost vehicles far outpaced mutual funds over the past decade: Morningstar