Fifth of fund managers plan charging extra research fee under Mifid

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More than a fifth of fund managers plan to charge clients an extra fee for research when new Mifid II rules come into effect in 2018.

A survey of 220 asset managers found one in 10 plan to charge a direct fee to investors, while a further 13 per cent plan to charge via a fee collected alongside transaction commissions, the Financial Times reports.

Crisil, an S&P company, has previously reported the Mifid rules could cause European asset manager operating profits to decline upwards of 17 per cent.

In April, Woodford Investment Management confirmed it would stop charging investors a fee for research and would instead meet the costs itself.