Financial Conduct Authority

FCA released Final Report in late June

Following FCA Final Report last week

Repercussions of growing short-termism

Has faced criticism during the tenure

Set to publish final report

FCA should look at index providers first

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.