Fund manager changes fee structure after new ESMA guidelines, introduces compensation for negative returns

New Danish FSA advice about the new guidelines have made Formuepleje change its fee structure. The changes include the introduction of compensation for clients when funds underperform.

Søren Astrup, partner and CEO, Formuepleje. | Photo: PR / Formuepleje

Asset manager Formuepleje is changing its much-discussed fee structure after a proposal was accepted at a board meeting on Tuesday.

The change is a consequence of the new ESMA guidelines and guidance from the Danish FSA (Finanstilsynet) which have ruled out Formuepleje's old fee model.

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