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  • FIRST POST
    • digbydog
    • By digbydog 2nd Jan 18, 1:06 PM
    • 13Posts
    • 112Thanks
    digbydog
    MiFID II
    • #1
    • 2nd Jan 18, 1:06 PM
    MiFID II 2nd Jan 18 at 1:06 PM
    I understand that there are a new set of regulations coming into force tomorrow with the catchy title 'MiFID II'. Does anyone know if this will have any noticeable impact for retail customers investing in funds and the like?

    I recently noticed that Hargraves Lansdown seem to have changed how they show charges, making them much more explicit. I'm not sure if this has anything to do with 'MiFID II' or if in fact, HL has been doing this for some time and I haven't noticed.
Page 1
    • dunstonh
    • By dunstonh 2nd Jan 18, 1:20 PM
    • 90,461 Posts
    • 57,254 Thanks
    dunstonh
    • #2
    • 2nd Jan 18, 1:20 PM
    • #2
    • 2nd Jan 18, 1:20 PM
    Does anyone know if this will have any noticeable impact for retail customers investing in funds and the like?
    yes. It will generally increase costs with no real consumer benefit.

    I recently noticed that Hargraves Lansdown seem to have changed how they show charges, making them much more explicit.
    Charges disclosure is one of the changes.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • ValiantSon
    • By ValiantSon 2nd Jan 18, 10:19 PM
    • 240 Posts
    • 227 Thanks
    ValiantSon
    • #3
    • 2nd Jan 18, 10:19 PM
    • #3
    • 2nd Jan 18, 10:19 PM
    yes. It will generally increase costs with no real consumer benefit.
    Originally posted by dunstonh
    Care to elaborate?
    • dunstonh
    • By dunstonh 2nd Jan 18, 10:45 PM
    • 90,461 Posts
    • 57,254 Thanks
    dunstonh
    • #4
    • 2nd Jan 18, 10:45 PM
    • #4
    • 2nd Jan 18, 10:45 PM
    Care to elaborate?
    Originally posted by ValiantSon
    If you ever wanted an EU directive that is just administration for the sake of administration then this is it. There are some good things in places but most of it is increasing administration across the board. Some of which has to be duplicated by every chain in the distribution even though it is the same info being given.

    It also imposes certain business models and reduces consumer choice. There is also virtually no recognition of firm size.

    This is the most destructive EU directive for retail financial services that I have seen. RDR wasnt this destructive.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • capital0ne
    • By capital0ne 10th Jan 18, 6:50 PM
    • 267 Posts
    • 134 Thanks
    capital0ne
    • #5
    • 10th Jan 18, 6:50 PM
    • #5
    • 10th Jan 18, 6:50 PM
    If you ever wanted an EU directive that is just administration for the sake of administration then this is it. There are some good things in places but most of it is increasing administration across the board. Some of which has to be duplicated by every chain in the distribution even though it is the same info being given.

    It also imposes certain business models and reduces consumer choice. There is also virtually no recognition of firm size.

    This is the most destructive EU directive for retail financial services that I have seen. RDR wasnt this destructive.
    Originally posted by dunstonh
    From your tone I guess your an enthusiastic BREXITEER
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