Comment: Cut through the smoke and reflect on mirror funds

The Central Bank recently announced its thematic reviews for 2016 and fund management fees in Ireland are under the spotlight.

At present there is no statutory requirement for Irish unit-linked funds, that is to say investments offered by Irish insurance companies, to disclose their total ongoing fees.

However, where an insurance company provides access to an externally managed fund that does disclose its total expenses in another jurisdiction, such as Britain or Luxembourg ...