The industry needs to agree a proper measure of value added by managers in the investment process, writes David Stevenson.
FCA chairman John Griffith-Jones has said a delay to MiFID II implementation is "not ideal" but a year-long reprieve would provide a more achievable timeframe for firms.
Ousted IA chief plans investment management role
Follows fines for advice failings
Most vigilant stance possible
FCA's acting CEO addressed Mansion House City Banquet