Portfolio advisory changes to certain equity funds have also been announced
The bank also proposed changes to the investment objectives of two ETFs
A report for the MFDA uses behavioural insights to recommend expanded cost reporting
An FCA review has found fund managers' self-assessments are sadly lacking
At a joint meeting, regulators focused on harmonizing total cost reporting for mutual funds and seg funds
The fund will now use a proprietary factor model to minimize volatility
The company also announced fee reductions for three other funds
ESMA will focus on fund costs in the year ahead
Changes to benchmark indexes, subadvisors and investment objectives will take effect in April
AIMA predicts more fund transparency in the years ahead