Industry commentators have warned the UK asset management industry must brace itself to cope with rising costs and intensifying regulatory headwinds after the Financial Conduct Authority (FCA) unveiled a package of measures to address "weak competition" in the market.
In the Final Report of its Asset Management Market Study, published last week, the FCA said it supported plans for an 'all-in' fund fee, which will include an estimate of transaction costs. The regulator...
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Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April