Suspended property funds collect £40m in management fees over 2020
£2.8m of capital locked away over three funds
Investors stuck in the M&G Property Portfolio have forked out the most in fees
Investors trapped in suspended open-ended property funds have paid out more than £40m in management fees over the course of 2020, with some still paying fees in 2021 as £2.8bn of investor capital remains locked away across three funds.
According to Investment Week calculations utilising fee and fund size data from Morningstar Direct and share class classifications from FE fundinfo, investors have shelled out approximately £40m in management.
Sign In
Bank of Montreal commits $300-billion to net-zero goal, sets up climate institute theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Bank of Montreal is accelerating its plans to offer one-on-one investing advice to high-end clients who are increasingly managing their own financial portfolios through low-fee online trading accounts.
A boom in online trading by do-it-yourself retail investors is fuelling new demand for investment advice from customers who are trying to navigate the markets, says Joanna Rotenberg, global head of Bank of Montreal’s wealth management operation.
Bank of Montreal CEO’s pay swells to $11-million despite missed goals Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Bank of Montreal chief executive officer Darryl White saw his pay rise in the most recent fiscal year on the strength of a higher annual bonus and more pension-related compensation even as the bank missed some of its key financial targets.
Mr. White’s total compensation rose to just less than $11.1-million from $10.85-million in the previous fiscal year, the bank reported in its annual proxy statement to shareholders. The gains from his bonus and pension compensation were offset by smaller stock and option awards – $5.87-million in the most recent year compared with $6.11-million in the year before.