Numerous studies show that most active managers fail to deliver “alpha” over time net of fees. And yet investors continue to pay high fees for active management. This article asks why investors persist in such seemingly irrational behavior. As long as active managers can keep on charging high fees,

The last two years have seen profit margins for wealth managers squeezed. Advisers have seen their fees from product providers fall from an average of 150bps to 100bps and fees are predicted to continue falling by another 25bps in the near future. The decreasing growth rate within the UK market

Predicting the next mis-selling crisis has always been a difficult task and FSA have accepted that they will never achieve this. Instead, they are opting for a more aggressive and interventionist model which seeks to prevent major mis-selling scandals in the future.

This report describes how investment banks and firms in the UK are managing bribery and corruption risk in their businesses and sets out the findings of a recent thematic review. The report also provides examples of good and poor practice regarding anti-bribery and corruption systems and controls.

There has been widespread press speculation of an imminent investigation by the Office of Fair Trading (OFT) into the level of fees charged by investment banks, in particular in respect of M&A deals and equity underwriting. Here, Herbert Smith examines how a potential investigation could take shape.

On August 5, 2009, the new German Reasonableness of Management Remuneration Act (in German: Gesetz zur Angemessenheit der Vorstandsvergütung – VorstAG) entered into force.