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Fund veterans argue for retrocession ban in HK

Richard Newell
The CEO of fund house EIP wants commission payments to be banned in Hong Kong, as the industry awaits new disclosure rules. Jessica Cutrera of EXS Capital also calls for more transparency.
Fund veterans argue for retrocession ban in HK

Fund industry veterans say they support the idea of a ban on sales commissions paid by fund houses to distributors, arguing that such payments hinder the provision of independent advice.

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