Alfred Berg Head of Sales: "It is important that distributors have a healthy business model"

After MiFID II was introduced in Norway in 2018, there have been huge changes to pricing and earnings structures on the fund market. However, Alfred Berg pays distributors the same as it did before the regulation came into force.

Nils Jørgen Andresen, head of sales at Alfred Berg | Photo: PR/ Alfred Berg

Legislation regarding kickbacks or return commission changed in Norway in 2018, and a recent investigation conducted by the Norwegian FSA concluded that price changes and changes to pricing structures have been widespread since.

One consequence of the new regulation is that kickbacks were phased out. This was meant to make it easier for clients to trade funds, and the price of equity funds sold through distributors has dropped by 0.3 percentage points.

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