What is a reasonable amount of research commissions for me to pay?
There is no “reasonable” level of commissions that should be paid. With the advocacy by the FSA in the U.K. and MiFID in Europe of transparency, managers are increasingly recognizing the need to explain the nature of the research they are purchasing with commissions, its price and why it is valuable. Pension funds should encourage that communication and clarity and satisfy themselves that their money is being well spent.
