? The debate about soft commissions and bundling arrangements rumbles on in the UK, with fund manager and pension fund bodies at loggerheads over whether the Financial Services Authority should regulate arrangements.
The Investment Management Association says it does not support the FSA’s proposed regulation of soft commissions and bundling. The National Association of Pension Funds, however, welcomes regulation.
IMA’s stance is unsurprising given that fund managers would be expected to absorb much of the extra costs for research and information services.
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