News
You will see us providing commentary in many mainstream media outlets as leading experts in the fund management industry on all things fund oversight, ACD, the regulators role and all the fund supporting functions.
We are and always will be completely independent, therefore feel like we provide a balanced, objective and expert knowledgable view which is hopefully to the benefit of all interested parties.
Our aim is to heighten the understanding and awareness for investors, clients and the various relevant stakeholders. We hope our input leads to raising standards in what can sometimes be complex matters in financial services.
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Media Stories - Providing Lloyd Expert Commentary...
Ignities Europe: Costs rise for fund houses looking to bring ACD in-house
Financial Times: Outlook for Odey and issues with remaining funds
RBS International: Merits of Independent Depositary Oversight
Financial Times: Marketplace Consolidation
Citywire: FCA to get tough on ACDs
Money Marketing: In-House ACD Model Enquiries on the rise after faith in external ACD Model is questioned by Managers
Financial Times: Fund Managers Under Pressure, focus on Liquidity
Citywire: Concerns around the FCA review of ACDs
Financial Times: Issues with the ACD model that the Woodford case has exposed
BBC: Due Diligence Requirements and Increase in scrutiny
Investment Week: FCA Probe into ACDs
Financial Times: FCA review into the role of the depositary
Is 2021 the year of consolidation for ACD and ManCo services?
Monday 26th October 2020
Ryan Johnson
Let us not underestimate the amount of work, responsibility and risk that the fund oversight function whether as an ACD or ManCo takes on versus the revenue it recieves from funds. The…
'Value for Money' considerations that must be added by the ACD to the FCA 7 categories
Thursday 6th August 2020
Ryan Johnson
The current FCA category guidelines for 'at least' seven areas as according to COLL 6.6.21R, 1. Quality of service 2. Performance 3. AFM costs - General 4. Economies of scale 5. Comparable market rates 6. Comparable services 7. Classes of units Following an initial round of assessments by a number of ACDs and managers has identified some shortcomings in capturing all the elements to provide a value for money assessment. There are a number of additional areas and categories that have been identified whilst carrying…
FCA Review - What is the point of the depositary, if nothing changes?
Sunday 12th July 2020
Ryan Johnson
The time has come for the role of the depositary to be scrutinised and questions asked is the current model fit for purpose? The FCA recently at the Funds Congress earlier in the year made it clear that the role of the depositary is an area that needs to be reviewed and considered as part of the fund oversight review that is scheduled to…
FCA concerns with the current ACD model and indication of what measures it is looking to put in place
Friday 8th May 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
Crucial role the depositary plays or should play in the oversight and management of funds
Sunday 19th April 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
Guide to selecting the right manager to manage your mandate
Thursday 5th March 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
What does a good ACD do?
Wednesday 26th February 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
The top 5 investment platforms for investors and reasons why...
Tuesday 4th February 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
A list of the 15 current active external ACDs...
Saturday 25th January 2020
Ryan Johnson
A large number of regular queries come into Lloyd Expert Consultancy Ltd in relation to the ACD marketplace and who is currently operating. Therefore to help assist anyone looking to understand who is currently operating within the market place and in NO particular order we have listed the active suppliers, (list and hyperlinks correct at the time of publication), - Margetts - Yealand - Equity Trustees - IFSL Fund Services - Valu Trac - T.Bailey - Link Asset Services - Castlefield - Maitland - Fund Rock - Smith & Williamson - Carne Group - Tutman - Host Capital (DMS) - Way Group In general terms, no one ACD is better than another and it is really down…
A comprehensive guide to the differences between using an ACD and ManCo
Sunday 12th January 2020
Ryan Johnson
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
It is not the time to criticise the Financial Conduct Authority (FCA)
Tuesday 7th January 2020
Ryan Johnson
The ongoing investigations by the FCA isn't being helped by the inaccurate and political interference of John McDonnell who recently unfairly judged the FCA 'a sleep at the wheel' when overseeing Woodford in 2018 when the dividend payment was made. John really should know better and it is important the investor and general public is not misled as to the timing of events. The recently disclosed dividend by the manager was made almost a year before the suspension of the fund was made. Once more under the current structure and in any event the FCA could not do anything about the dividend taken at the time so to criticise is unhelpful…
Considering in-house ACD solutions? Becareful...
Friday 27th December 2019
Ryan Johnson
As a result of the heightened awareness surrounding the ACD industry and important role it plays, a number of managers are now starting to look closely at the ACD which is overseeing the fund and asking relevant questions over the setup, the ACDs suitability regarding ownership of the funds in which the ACD 'own' and have legal / regulatory responsibility for. Following this review fund managers, in some instances, are concluding that the ACD for a particular fund may not have the appropriate oversight capabilities or understanding, expertise required and so exploring if an in a house ACD solution maybe more appropriate moving forward given the managers firm has that level of expertise and experience as they…
Different outcomes and impacts to the election results
Tuesday 10th December 2019
Ryan Johnson
A simple clear decision tree outlining the implication of the various election results. Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk
Cyber Security and how being connected can raise the level of risk
Wednesday 20th November 2019
James Mutch
Full article available to clients, to subscribe and receive access to all articles please email, requests@lloydexpert.co.uk