AMWatch

Danish asset manager: Post-MiFID-2 distribution model now ready

For almost six monts, Danish mutual funds and banks have been subject to the MIFID II ban on commission payments in relation to portfolio management agreements. Denmark has chosen to implement the ban six months ahead of the rest of the EU. Now that the dust has settled at asset manager Bankinvest, the firm reveals how customers have divided themselves between two types of fund.

"The patient has survived a relatively complex operation. It has required years of preparation and a lot of money, but the patient survived," says Lars Bo Bertram, CEO of Danish asset manager Bankinvest.

His metaphor describes the work to take commission out of the equation in dealings with banks and mutual funds as of July 1, 2017 in Denmark and Jan. 1, 2018 in the rest of the EU.

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