When the regulator says it wants to look at competition in a part of the industry, it really means it wants to look at price - and, effectively, it wants that price to go in one direction: down.
The latest segment of the industry that seems like it is going to face some form of 'competition review' is the provision of financial advice and the cost of that advice. At a recent event organised...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum