The Financial Conduct Authority (FCA) has identified a number of areas of focus within the asset management sector for the coming year, flagging concerns that investment managers are overpaying for services and market stability could be affected by the "disorderly wind-down" of portfolios, while it also announced a platform competition review.
The FCA released its Mission Statement and Business Plan 2017/18 this morning, revealing it will conduct a market study to explore how ‘direct to consumer' and intermediated investment platforms compete...
0.25% charge on £100,000 investment
Sector launched in April this year
Targeting €1trn AUM by end of 2020
Groups firming up plans
Managed by Jeff Kernagis