Advice found to be 'suitable' in 93.1% of cases
Last year saw some titanic battles in the closed-ended fund space, as activist investors flexed their muscles and challenged investment trust boards on issues including fund performance and value for money.
How does this affect financial services?
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.
'Improving communication and services is a great way for an asset manager to distinguish itself'
Response to FCA Asset Management Market Study
Want to partner advisers on robo-advice
FCA published latest paper last week
Follows last year's property fund suspensions