Confusion over dealing commissions

The Investment Management Association, the trade group that represents UK fund houses, recently launched a review into the use of dealing commissions. This was in response to an FSA investigation that found conflicts of interest were rife in the asset management sector. Guy Sears, head of institutional business at the IMA, tells FTfm's Ellen Kelleher that the use of research commissions needs more investigation and what fund managers are saying about the FSA's findings.