The Financial Conduct Authority (FCA) has published a package of measures to improve "weak price competition" in the asset management industry.
In the Final Report of its Asset Management Market Study into competition in the sector, published today, the regulator has responded to feedback from last November's Interim Report, which was extremely critical of the actively-managed funds industry. However, the regulator said additional analysis has not "materially changed" its overall conclusions. The FCA concluded neither active and passive funds outperfom their benchmarks after costs, and it found "examples of poor value for money products in both active and passive strategies". It has confirmed its interim findings that ther...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
