FCA readies asset manager competition probe

Over the next year the FCA will focus on the following areas of the asset management industy: How asset managers compete to deliver value; Whether asset managers are motivated and able to control costs along the value chain; and What effect investment consultants have on competition for institutional asset management. The regulator will also look at whether there are any barriers to innovation and/or technological advances in asset management. The FCA said it will approach market participants for information and data to look into these issues, and will host roundtables and m...