The chief executive of JPMorgan’s asset management business in Europe has become the latest high-profile industry figure to pour cold water on new rules designed to reinvigorate the UK’s investment research market.
The Financial Conduct Authority earlier this year published final rules allowing asset managers flexibility to pass on to investors the research costs charged by brokers, after the introduction in 2018 of MiFID II across the European Union banned the practice of bundling them with trading fees.
