UK asset managers face a number of medium- to long-term structural headwinds as the Financial Conduct Authority attempts to tackle "weak price competition" across the sector, with the future of "large, pedestrian, averagely-performing" groups particularly at risk, according to industry commentators.
While fund groups may have been relieved certain proposals like a cap on fund fees were dismissed in the interim report of the watchdog's eagerly-awaited Asset Management Market Study, regulatory experts...
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