Swedbank Robur chooses to account for external research costs themselves

Swedbank Robur has decided to account for external research costs themselves when the MiFID II Directive enters into force on January 3, 2018. This means that costs will no longer be deducted from each fund. The decision increases transparency for the 4.2 million savers who save in Swedbank Robur's funds.

On January 3, 2018, the MiFID II Directive is introduced to strengthen consumer protection and increase the transparency of financial advisory services. The purpose of the new rules is to harmonize the regulation of the securities market.

"For us, it is an easy decision to take the external research costs ourselves. We are the fund company for the many savers and we want it to be clear to our customers what return on equity, what costs and what risks you can expect from saving in our funds, says Liza Jonson, CEO, Swedbank Robur.

With the implementation of the MiFID II Directive, all companies providing savings products must report all costs and charges for the products in a similar manner across Europe.

"This is another step towards making savings in funds more attractive, and it is fully in line with our product strategy based on simplicity, sustainability and innovation," says Liza Jonson, CEO, Swedbank Robur.

For further information:
Liza Jonson, CEO, Swedbank Robur, +46 70 889 22 89
Josefine Uppling, Head of Group Press Office, Swedbank, +46 76 114 54 21

 

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Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. As a leading bank in the home markets of Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has over 7 million retail customers and around 618 000 corporate customers and organisations with 191 branches in Sweden and 125 branches in the Baltic countries. The group is also present in other Nordic countries, the US and China. As of 30 September, 2018 the group had total assets of SEK 2 461 billion. Read more at www.swedbank.com

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For us, it is an easy decision to take the external research costs ourselves. We are the fund company for the many savers and we want it to be clear to our customers what return on equity, what costs and what risks you can expect from saving in our funds.
Liza Jonson, CEO Swedbank Robur