MiFID II has landed

In January 9, 2018
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No, this is not the new NASA spaceship but is actually an acronym (we love an acronym) for the Markets in Financial Instruments Directive, which has been introduced with new rules that will change the way investors’ money is managed.

The changes come from Europe and aim to improve transparency in investment markets. The directive basically requires that everything must be stated more clearly, including such things as costs, charges, fees and explanations, and should follow a more standard approach to ensure communications are more consistent.

The directive came into effect on 3rd January 2018. It should not have much effect on clients whose funds we are currently managing through our chosen platform provider. You should have received a written communication regarding the changes, but there is no action to take as we have been working hard backstage on your behalf to make sure our systems are all up to date.

The emphasis of the new directive is ultimately to support you as the investor and to ensure that the products recommended fulfill your needs and do not prioritise incentive-based products, and this is something we fully support.

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

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