MNB has published several recommendations in the recent period, two of which are discussed in this newsletter, which are related to portfolio management services. The first sets out the requirements for unit-linked life insurance automatic portfolio management services. That aims to increase transparency and, where possible, added value. The other recommendation addresses performance fees regarding investment funds, highlighting the high-watermark (HWM) model, and, as before, seeks to ensure that the interests of customers are protected, including through providing appropriate information and healthy incentives.
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