If they were in any doubt, asset managers have been made painfully aware the Financial Conduct Authority (FCA) means serious business when it comes to tackling the key issues blighting our industry, including dealing with closet tracker funds.
The FCA said over the weekend that a number of asset managers have taken the step of paying £34m in compensation to investors who overpaid for closet trackers following an investigation by the regulator...
High conviction approach
Effective from mid-July
Managers who have 'seen it all'
Decision expected 20 June
Latest news and analysis