The FCA's interim findings as part of its Asset Management Market Study, released last November, should have left the industry in no doubt about the direction of travel for the sector over the coming months and years.
While some asset managers may have tried to convince themselves only groups running 'closet trackers' or product ranges where costs have not been kept under control should be concerned by the findings,...
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