FCA Demands Single Fund Charge to Boost Competition

Asset management industry faces radical shake-up after regulators found evidence of high profits, lack of transparency and unclear fund objectives

Emma Simon 28 June, 2017 | 10:57AM

The Financial Conduct Authority (FCA) has published the final findings of its asset management market study - and has suggested a “comprehensive package of reforms” designed to increase transparency, improve competition and lower charges.

The FCA said reform of the £7 trillion asset management industry was necessary to help the millions of retail investors who rely on this sector for their financial well-being.

As well as calling for clearer information on fund costs, and more competition between providers, the FCA said it had concerns about investment consultants, and will also launch a review into the way investment platforms operate.

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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