Advertisement
UK markets open in 5 hours 11 minutes

  • NIKKEI 225

    38,313.61
    +761.45 (+2.03%)
     

  • HANG SENG

    16,943.96
    +115.03 (+0.68%)
     

  • CRUDE OIL

    83.31
    -0.05 (-0.06%)
     

  • GOLD FUTURES

    2,332.60
    -9.50 (-0.41%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,660.23
    -33.12 (-0.06%)
     

  • CMC Crypto 200

    1,436.49
    +21.73 (+1.54%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

EU watchdog starts review of customer charges in funds sector

Reuters
Updated ·1-min read

LONDON (Reuters) - The European Union's markets watchdog launched a review on Wednesday to assess whether customers in the bloc's 10.8 trillion euro investment funds sector are being overcharged.

The European Securities and Markets Authority (ESMA) said its joint review with national regulators in the EU27 will assess the compliance of funds with the "obligation of not charging investors with undue costs".

The review is the latest push by EU regulators to ensure value for money in the funds sector, and it will follow guidance set out by ESMA last year.

"Ensuring greater convergence in the supervision of costs is an integral part of ESMA’s broader efforts on the cost of retail investment products and is key to improving investors’ confidence in financial markets and reducing costs associated with obtaining financial products," ESMA said in a statement.

ADVERTISEMENT

The funds being scrutinised are regulated under the bloc's "UCITS" rules, seen as a global benchmark in investment funds.

Britain, which is no longer part of the EU, has also been scrutinising value for money at investment funds.

(Reporting by Huw Jones; Editing by Toby Chopra and Hugh Lawson)